RADNOR, PA — EQT Real Estate recently acquired a portfolio of nine light industrial buildings totaling approximately 2 million square feet in Southern New Jersey, expanding its presence in a key East Coast logistics corridor, the company announced.
The portfolio is located less than one mile from Interstate 295 within the I-95/I-295 corridor, providing access to major metropolitan areas including Philadelphia and New York and serving a regional population of more than 130 million consumers within a one-day drive.
The assets are part of a master-planned industrial park and include a mix of light industrial and mid-bulk warehouse buildings with ceiling heights ranging from 24 to 33 feet, flexible suite configurations, and a total of 134 dock doors.
The buildings are leased to a diversified group of tenants operating in manufacturing, distribution, and logistics, including national and global companies.
EQT Real Estate said it plans to implement leasing and redevelopment strategies across the portfolio, including capital improvements and exterior upgrades aimed at increasing tenant demand and improving positioning within the market.
The company also said it will evaluate opportunities to reposition underutilized space and explore future development potential within the park.
The properties are located in a region that has seen sustained industrial leasing activity, with Southern New Jersey accounting for a significant share of transactions in the broader Philadelphia market in recent years.
The area has experienced limited new supply due to constrained land availability and high barriers to entry for new development, contributing to continued rental growth.
The I-95/I-295 corridor is considered a major logistics hub on the East Coast, supported by proximity to major ports, highway infrastructure, and population centers, as well as demand tied to e-commerce and supply chain shifts.
The acquisition was made through EQT Real Estate Logistics Value Fund VI, which focuses on infill logistics assets in supply-constrained markets with strong tenant demand.
Matthew Brodnik, global chief investment officer at EQT Real Estate, said the portfolio offers opportunities for leasing, redevelopment, and capital improvements within a high-demand corridor.
“This portfolio offers scale, location and flexibility in one of the most resilient industrial corridors in the United States,” Brodnik said.
New York Life Investment Management’s Real Estate Investors sold the portfolio as part of a broader disposition strategy on behalf of its investors.
CBRE National Partners represented the seller in the transaction.
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