RADNOR, PA — EQT Real Estate announced the sale of 4.2 million square feet of U.S. logistics assets across two major transactions, a move that signals the firm’s continued push to capitalize on demand for modern industrial facilities in high-growth markets.
The transactions include 33 last-mile and bulk distribution buildings located in major logistics hubs such as Nashville, Raleigh-Durham, Louisville, Philadelphia, New York, Tampa, Miami, Indianapolis, Savannah, Richmond, and Chicago. The properties span from 16,000 to more than 500,000 square feet and sit near dense population centers, interstate corridors, airports, and port terminals.
EQT said the portfolios feature modern clear heights of 30 feet and functional loading configurations designed to accommodate today’s distribution and e-commerce users. The firm carried out a hands-on value-creation plan that included leasing efforts, capital improvements, and operational upgrades across the properties. Those initiatives boosted occupancy, delivered rent growth, and unlocked additional mark-to-market value, resulting in two stabilized institutional-quality portfolios with durable income streams.
The sales reflect EQT Real Estate’s confidence in long-term industrial trends, including persistent e-commerce demand, supply chain resiliency, and the continued need for distribution centers near major consumption hubs. The firm characterized the deals as examples of its ability to manage assets throughout the full investment lifecycle — from acquisition through improvement and divestment.
Matthew Brodnik, EQT Real Estate’s Global Chief Investment Officer, said the team “acquired, actively managed and stabilized a diverse set of assets across complex markets throughout the U.S., ultimately crafting two distinct, modern, institutional-quality portfolios tailored to the needs of today’s modern logistics users.” He added that the results highlight both the strength of the platform and the firm’s conviction in long-term industrial themes.
EQT Real Estate received advisory support from Brian Fiumara of CBRE National Partners and Stewart Calhoun of Cushman & Wakefield.
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