EQT Sells 4.2 MSF Logistics Portfolio
The two separate deals include 33 last-mile and bulk distribution properties.
EQT Real Estate has sold a U.S. industrial portfolio for an unspecified price in two separate deals. All together the company, whose parent is Swedish investment giant EQT AB, sold a total of 4.2 million square feet of logistics assets.
The properties total 33 last-mile and bulk distribution buildings partly in the Southeast, including Nashville, Tenn.; Raleigh-Durham, N.C.; Louisville, Ky.; Tampa, Fla.; Miami; Savannah, Ga.; and Richmond, Va. Other assets are in Chicago and Indianapolis, as well as Philadelphia and New York City.
The buildings range in size from 16,000 square feet to over 500,000 square feet and are near key interstates and international airports and marine port terminals, according to EQT. The assets feature such specifications as clear heights of 30 feet and functional loading configurations adaptable for a range of logistics and distribution users.
READ ALSO: Industrial Real Estate’s Future Depends on Adaptability
Brian Fiumara of CBRE National Partners and Stewart Calhoun of Cushman & Wakefield advised EQT Real Estate on the transactions.
EQT Real Estate owns and operates more than 2,000 properties and 400 million square feet worldwide. Over the last 12 months ending in the third quarter of 2025, the investor has acquired roughly €2 billion ($2.3 billion) in real estate assets.
Part of EQT’s investment strategy involves industrial property acquisitions. Last month, via two separate funds, the company acquired an 11-building, 4.8 million-square-foot logistics portfolio in five major U.S. markets.
Also in October, the company made a specialized industrial play in New Jersey. In that deal, EQT acquired 11 properties, all of which are along the New Jersey Turnpike, giving them easy access to both metro New York and Philadelphia.
Industrial fundamentals stabilize
New industrial supply deliveries have dropped in recent quarters, keeping market fundamentals relatively stable, including vacancy rates, according to Cushman & Wakefield. Some 63.6 million square feet of new space was delivered during the third quarter of 2025, a 32.5 percent drop compared with a year earlier.
Vacancies came in at 7.1 percent in the third quarter of 2025, up 70 basis points year-over-year, the smallest increase since early 2023, Cushman & Wakefield noted. Any movement of the vacancy rate is likely to remain small as the development pipeline contracts into 2026, with starts tempered in many markets due to high interest rates and tariffs.
That doesn’t mean that industrial landlords can coast, however. Demand will remain concentrated on the most up-to-date facilities, Cushman & Wakefield posits. These dynamics reflect ongoing industrial real estate trends emphasizing automation and energy-efficient operations. Net absorption will continue to be driven by space that supports automation, higher power loads and optimized inventory management.
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