EQT Real Estate announced that the EQT Real Estate Logistics Value Fund VI has acquired a portfolio comprising nine buildings totaling approximately two million square feet in Southern New Jersey.
The portfolio is a master-planned industrial park strategically located less than one mile from Interstate 295, with access to the Philadelphia and New York metropolitan areas. The portfolio includes a mix of light industrial and mid-bulk warehouse buildings with clear heights ranging from 24 to 33 feet, flexible suite sizes and a total of 134 dock doors across the park. The assets are leased to a diversified group of blue-chip tenants operating in manufacturing, distribution and logistics, including national and global occupiers.
EQT Real Estate plans to explore selective redevelopment and leasing initiatives, including targeted capital improvements and enhancements to building exteriors to strengthen overall positioning and tenant appeal.
Southern New Jersey has accounted for a significant share of leasing activity in the broader Philadelphia market in recent years, supported by constrained land availability and high barriers to entry for new infill development.
“This portfolio offers scale, location and flexibility in one of the most resilient industrial corridors in the United States. We see clear potential to enhance the park through active leasing, targeted redevelopment and thoughtful capital improvements,” said Matthew Brodnik, global chief investment officer at EQT Real Estate. “With strong structural demand for modern infill logistics space, we believe the portfolio is well-positioned to benefit from long-term supply chain trends and population growth across the Northeast.”
New York Life Investment Management’s Real Estate Investors served as the seller in the transaction, executing a strategically significant disposition on behalf of its investors.
Brian Fiurama, Brad Ruppel, Mike Hines and Joe Hill of CBRE National Partners supported the seller in this transaction.
