The assets, which average 230,000 square feet each, serve a diverse tenant base ranging from last-touch distribution to advanced manufacturing. These facilities are positioned across key Southeast hubs, including Atlanta, Charlotte, Savannah, and Tampa. The regional appeal is driven by robust population growth and critical infrastructure, such as the Port of Savannah and the JAXPORT facility, alongside major interstate networks like I-85 and I-95.
In section Releases
EQT Real Estate Divests 10.5 Million Square Foot Southeast Portfolio
A 46-building logistics portfolio spanning the Carolinas, Georgia, Florida, and Alabama has been sold to an affiliate of California-based LBA Realty. The deal encompasses 10.5 million square feet of Class A industrial space, marking a significant exit for EQT Real Estate from one of the nation's fastest-growing logistics corridors.
Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, noted that the firm identified early on that industrial demand would track the region's migration patterns. By focusing on hands-on management and leasing, the firm capitalized on these demographic shifts. JLL advisors John Huguenard, Trent Agnew, and Will McCormack facilitated the transaction, providing LBA Realty with an immediate, large-scale footprint in a market characterized by sustained tenant demand.
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