EQT Real Estate Acquires 5.2 Million Sq Ft Logistics Portfolio in Southern California

EQT Real Estate has completed the acquisition of a substantial logistics portfolio comprising 32 buildings totaling 5.2 million square feet. The properties are located across key Southern California markets, including Los Angeles County, Orange County, the San Gabriel Valley, South Bay, and Inland Empire West.

The seller in the transaction was Rexford Industrial Realty, Inc. The portfolio is reportedly 96% leased, indicating strong demand for industrial and logistics space in the region. Financial terms of the deal were not disclosed.

This acquisition aligns with EQT Real Estate's strategy to build a significant presence in the U.S. logistics sector. Southern California is a critical hub for e-commerce and supply chain operations due to its large consumer base and proximity to major ports.

The company has not provided specific details regarding future plans for the newly acquired assets. The transaction underscores the ongoing investor interest in U.S. industrial real estate.