EQT Acquires 2.4 MSF Southeast Logistics Portfolio

EQT Real Estate has expanded its Southeast U.S. industrial holdings with the acquisition of a three-property, 2.4 million-square-foot logistics portfolio in Georgia and Florida from an affiliate of Brookfield.

The purchase was made through the EQT Real Estate Industrial Value Fund VI. The price was not disclosed.

The Class A assets are located in Savannah, Ga., Jacksonville, Fla., and Lakeland, Fla. All three properties have access to critical transportation infrastructure and are fully leased. The modern logistics facilities have cross-dock layouts, large building footprints and clear heights that support efficient movement of goods, according to EQT Real Estate.

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The firm did not provide addresses for the properties but noted they are located near major ports and key regional transportation hubs. The Savannah asset is located approximately 5 miles from the Port of Savannah, one of the busiest ports in the U.S. The port handled 5.7 million TEUs in 2025, its second-busiest year on record.

The Jacksonville facility has proximity to JAXPORT, which moved more than 10 million tons of cargo last year, as well as regional road networks.  

The Lakeland property is situated along the Interstate 4 corridor between Tampa, Fla., and Orlando, Fla., a key location that serves Florida’s large and growing consumer base.

Matthew Brodnik, global chief investment officer at EQT Real Estate, said in prepared remarks the Southeast continues to be one of the most important logistics corridors in the U.S. Logistics activity throughout the Southeast is driven by population growth, expanding port activity and the ongoing modernization of supply chains, he stated.

JLL Senior Managing Directors John Huguenard and Trent Agnew, along with Senior Director Will McCormack, advised the seller in the transaction.

Active buyer in first half of 2026

EQT Real Estate owns and operates more than 2,000 properties, including industrial and logistics assets, spanning more than 450 million square feet across the globe. The investment firm has been actively acquiring industrial assets throughout the U.S. this year.

Last month, EQT Real Estate made two deals totaling $87.6 million in separate deals in Orange County, California, and New Jersey, according to Yardi Matrix. The company acquired a 90,975-square-foot shallow-bay industrial property at the East Irvine Industrial Complex in Irvine, Calif., from Link Logistics for $31 million. Nutrawise, a health products manufacturer and distributor, leases the 1999-completed warehouse.

EQT Real Estate also purchased a 220,000-square-foot property in Millstone, N.J., from Crow Holdings for $56.6 million. The property, which delivered in 2022, was part of the two-building Millstone 8 Logistics Park.

In March, EQT Real Estate’s Logistics Value Fund VI acquired an approximately 2 million-square-foot industrial park in Southern New Jersey from an affiliate of New York Life Investment Management for an undisclosed amount. The properties are a mix of light industrial and mid-bulk warehouse buildings that range in age between 25 and 40 years. The exact location was not released, but the firm stated the portfolio is less than one mile from Interstate 295, with access to the Philadelphia and New York metro areas.

Earlier that month, EQT Real Estate paid $575 million for a 4.4 million-square-foot industrial portfolio spanning 25 assets sold by Mapletree Investments. The properties are located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C.

The company started off 2026 with another purchase from Mapletree. In January, through the EQT Real Estate Industrial Value Fund VI, the firm acquired a 13-asset, 1.6 million-square-foot portfolio. The institutional-grade buildings have an average construction year of 2015 and are used as regional and last-mile distribution centers.