EQT Real Estate announces the sale of a 10.5 million square foot Southeast logistics portfolio to an affiliate of California based LBA Realty

46 Class A logistics buildings totaling approximately 10.5 million square feet across 10 southeast markets in the Carolinas, Georgia, Florida, and Alabama The state of the art logistics assets average roughly 230,000 square feet and house a diverse range of tenants servicing the southeast from last-touch operations, regional distributions centers, advanced manufacturing, and bulk distribution All 10 portfolio markets are recording positive population growth generating sustained Southeast logistics demandEQT is pleased to announce that the EQT Real Estate Industrial Value Fund V ("EQT Real Estate") has completed the sale of a 46-building logistics portfolio totaling approximately 10.5 million square feet across the southeastern United States to an affiliate entity of California based LBA Realty.The buildings sit in 10 Southeast markets spanning the Carolinas, Georgia, Florida, and Alabama: Charlotte, Greensboro, Greenville-Spartanburg, Atlanta, Savannah, Tampa, Orlando, Jacksonville Birmingham, and Huntsville. According to the latest U.S. Census Bureau estimates, each of these markets continues to experience strong population growth. That in-migration, together with the region's strong port, intermodal and interstate connectivity—anchored by the Port of Savannah, JAXPORT and Inland Port Greer, and by the I-85, I-95, I-75, I-20 and I-4 corridors—continues to translate directly into demand for logistics space.Averaging roughly 230,000 square feet, the Class A buildings accommodate uses that run from third-party logistics and regional distribution to advanced manufacturing, supporting a diverse tenant base.The portfolio is concentrated in the Southeast, where EQT Real Estate's local teams leased and managed the assets. The transaction offers immediate scale across some of the Southeast's most attractive logistics markets, establishing a meaningful presence in one of the country's leading regions for tenant demand.Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: "People and industry continue moving to the Southeast, and logistics demand has followed both. We identified that theme clearly when we acquired this portfolio, and our local teams did fantastic work adding value through leasing and hands-on management, building by building. With the region experiencing sustained positive tailwinds, the transaction marks a natural point to crystallize our investment while offering a meaningful runway for its next phase of growth."EQT Real Estate was advised by John Huguenard, Trent Agnew, and Will McCormack of JLL.ContactEQT Press Office, [email protected]This information was brought to you by Cision http://news.cision.comhttps://news.cision.com/eqt/r/eqt-real-estate-announces-the-sale-of-a-10-5-million-square-foot-southeast-logistics-portfolio-to-an,c4388399The following files are available for download: https://mb.cision.com/Main/87/4388399/4236579.pdf Press Release, EIVF V, Southeast Portfolio, 270826 https://news.cision.com/eqt/i/primary,c3559815 Primary

EQT Real Estate announces the sale of a 10.5 million square foot Southeast logistics portfolio to an affiliate of California based LBA Realty

Autres actualités de l'entreprise