EQT Real Estate sells 10.5 million sq ft logistics portfolio to LBA Realty

EQT Real Estate has announced the sale of a substantial logistics portfolio comprising 46 buildings and approximately 10.5 million square feet of space. The transaction was made with an affiliate of LBA Realty, a California-based real estate investment firm.

The portfolio is strategically located across 10 markets in the Southeastern United States, including North Carolina, South Carolina, Georgia, Florida, and Alabama. The assets are classified as Class A and serve a diverse tenant base engaged in various logistics operations, from last-touch deliveries to regional distribution and advanced manufacturing.

Each building in the portfolio averages around 230,000 square feet. EQT noted that the markets included in the sale are experiencing positive population growth, which is contributing to sustained demand for logistics facilities in the region. Specific financial terms of the sale were not disclosed.

EQT Real Estate's Industrial Value Fund V is responsible for managing such assets within the company's real estate investment strategy.