Global real estate investment manager EQT Exeter’s EQT Exeter Industrial Value Fund VI has acquired two bulk distribution buildings in the heart of Napa Valley’s Wine Country. Spanning over one million square feet, the properties combine best-in-class building specifications with a location that connects to California major metros San Francisco, Sacramento and San Jose, as well as the entirety of the western United States, the fund said.
Designed to support Northern California’s food and beverage industry, these bulk distribution properties offer proximity to the region’s consumer base and production hubs and feature advanced building and site designs that accommodate both traditional logistics users and specialized operators. One of the buildings boasts direct rail access.
“EQT Exeter is committed to delivering spaces that not only meet the complex needs of today’s industrial and logistics users but anticipate the evolving demands and growth ambitions of a variety of tenants,” said Jeremy Hamaoui, Northern California investment and leasing officer at EQT Exeter. “This acquisition reflects our ongoing strategy of investing behind high-quality properties in attractive markets while maintaining a tenant-focused approach to asset management.”
The properties are currently home to a leading food and beverage operator occupying 337,000 square feet under a lease exceeding 10 years of lease term. EQT Exeter will collaborate with top-tier tenants to implement bespoke enhancements.
EQT Exeter was advised by Ryan Sitov of JLL.
