RADNOR, PA. — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 25-property logistics portfolio totaling 8.7 million square feet across 13 markets. The sales price was not disclosed, but the transaction marks the largest U.S. industrial sale so far in 2025, according to EQT Real Estate.
The portfolio spans distribution markets such as Atlanta, Chicago, New York, Phoenix and Texas. The assets feature an average clear height of 31 feet and efficient loading configurations. Most of the properties were developed after 2000, and EQT Real Estate began assembling and managing the portfolio in 2020.
Tenants within the portfolio span e-commerce, industrial and retail supply chain sectors.
Radnor-based EQT Real Estate says the transaction marks the culmination of its multi-year strategy to assemble and scale a national logistics platform in high-growth, supply-constrained U.S. markets. Additionally, the sale reflects investor appetite for stabilized, institutional logistics properties with long-term demand drivers and limited new supply.
John Huguenard, Trent Agnew and Will McCormack of JLL advised EQT Real Estate in the transaction.
Created through the merger of EQT and Exeter Property Group in 2021, EQT Real Estate maintains more than $31 billion in real estate equity under management. The firm’s parent company is Sweden-based EQT AB.
— Kristin Harlow