Lincoln Property Company and DRA Advisors have purchased a fully leased five building industrial portfolio in Portland, Ore., for $45.25 million.

Combined, the buildings total around 300,000 square feet of industrial space across two established infill parks.

The acquisition was described as a chance to “expand our industrial presence in Portland with a portfolio of well-positioned assets” said Travis Drilling, executive vice president at Lincoln Property Company. He also noted the buildings’ infill location and partnership with DRA.

JLL marketed the portfolio on behalf of an undisclosed seller.

The Kittridge Distribution Center, located at 4931-5043 NW Front Ave., accounts for three of the buildings in the sale. They total 103,000 square feet and are in the city’s northwest industrial corridor. Elsewhere, Columbia Corporate Park is home to the other two buildings at a total of 196,000 square feet at 4630-4740 NE 166th Ave. in East Portland, Ore.

Portland’s industrial market so far this year has racked up $614 million in sales through September. Properties have traded at an average of $201 per square foot, which is well ahead of the $140 national average per the latest Yardi research data.

Other recent purchases in the Portland market include DCI International’s deal in July, when the dental equipment maker paid $31 million for a 205,100-square-foot manufacturing facility in Wilsonville, Ore., that will become its new headquarters.

In May, a group of investors acquired a 154,646-square-foot building in Cornelius, Ore., for $29.75 million. It’s fully leased to Omega Morgan.