RADNOR, PA — EQT Exeter Real Estate Income Trust, Inc. has planted a major flag in Southern California’s industrial heartland, acquiring a 76,007-square-foot logistics facility in Torrance for $51.5 million in one of the most supply-starved warehouse markets in the United States.
The property sits on roughly 9.6 acres in the South Bay submarket of Los Angeles, a dense and highly competitive corridor that serves nearly 20 million people within a one-hour drive. Its location near the ports of Los Angeles and Long Beach and along critical transportation arteries, including Interstates 405 and 110, gives it an outsized role in both regional distribution and last-mile delivery.
For EQT Exeter, the deal fits squarely within a strategy of locking in stabilized, income-producing industrial real estate tied to modern supply chains. The building is fully leased to a Fortune 50 food and beverage company, providing immediate cash flow and a credit tenant in a market where vacancies are scarce and replacement costs are rising.
“This acquisition reflects our continued conviction in the long-term fundamentals of industrial real estate,” said Ali Houshmand, global head of non-traded REITs at EQT Real Estate. “Southern California is one of the tightest and most strategically important logistics markets in the country, and this investment sits squarely within EQRT’s investment strategy of stabilized, income-oriented properties critical to modern supply chains and positioned for sustainable, long-term demand.”
The Torrance facility offers features that are increasingly in demand as logistics operations become more complex and more electric. It includes van-high loading on two sides of the building, dock-high loading on a third, 30-foot clear ceiling heights, and about 12 percent of the space built out as high-quality offices. Multiple electric vehicle charging stations are already in place, supporting the shift toward zero-emission delivery fleets.
In a region where new industrial development is constrained by land scarcity, environmental regulation, and community opposition, well-located assets like this are commanding premium prices. EQT Exeter’s bet is that proximity to population centers, ports, and highways will continue to outweigh higher acquisition costs as retailers, food distributors, and logistics firms fight to move goods faster and cleaner through Southern California’s crowded supply chain.
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