EQT Sells 7 MSF Logistics Portfolio for $650M
The deal comprises the second tranche of a large disposition.
The EQT Real Estate Industrial Core-Plus Fund II has completed its sale of a 36-property, 7.3 million-square-foot portfolio of institutional-grade logistics assets spread across the U.S.
The portfolio’s buyer was an Ares Real Estate fund, and Ares affiliate Marq Logistics will manage the portfolio.
The acquisition’s dollar value was not disclosed, but was $650 million, according to media reports. Neither EQT nor Ares responded to Commercial Property Executive’s requests for that and other information.
The assets reportedly are well-located across 12 major distribution markets, including Chicago, Columbus, Ohio, Phoenix, Dallas, Atlanta and the Carolinas, with exposure to major logistics hubs such as Southern California, Memphis, Tenn., and Cincinnati.
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The portfolio is leased to a diversified base of credit tenants across the e-commerce, distribution, food and beverage, and light manufacturing sectors. The properties were built to modern specifications, including 31-foot clear heights, cross-deck and rear-load configuration, truck courts, and significant parking accommodations.
EQT Real Estate was advised by John Huguenard, Trent Agnew and Will McCormack of JLL.
Notably, Marq Logistics is a new entity, launched in late February to consolidate Ares’ global logistics real estate platforms under a single brand. Ares announced at the time, “Marq brings together Ares’ vertically integrated logistics real estate platform in North America and Europe, including Ares Industrial Management, with the global GLP logistics real estate platform outside of China.”
Buying and selling, selling and buying
EQT stated that this sale “represents the second tranche of a significant disposition out of EQT Real Estate’s Core-Plus industrial portfolio.” The previous tranche was sold in November 2025 and at that time was 2025’s largest U.S. industrial transaction.
That sale involved two undisclosed buyers and totaled 4.2 million square feet across 33 last-mile and bulk distribution properties. The Southeast was well represented among those properties, including Nashville, Tenn., Raleigh-Durham, N.C., Louisville, Ky., Tampa, Fla., Miami, Savannah, Ga., and Richmond, Va. Other assets were in Chicago, Indianapolis, Philadelphia and New York City.
Barely a week ago, on the other hand, EQT acquired a nine-building, 2 million-square-foot logistics portfolio in southern New Jersey from an affiliate of New York Life Investment Management for an undisclosed amount.
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