EQT Real Estate sells 4.4 million square foot logistics portfolio

EQT Real Estate has finalized the sale of a logistics portfolio comprising 20 properties and approximately 4.4 million square feet. The transaction encompasses six markets in the U.S. Midwest: St. Louis, Cincinnati, Columbus, Dayton, Cleveland, and Louisville.

The portfolio includes modern distribution centers and infill light industrial buildings designed to accommodate diverse space requirements. The properties feature an average clear height of approximately 30 feet and are strategically located near major population centers and transportation networks.

EQT Real Estate has focused on enhancing the portfolio since 2020, strengthening the assets through leasing, capital improvements, and hands-on local management. These efforts have stabilized the portfolio and increased its quality, attracting institutional investment in the logistics sector.

The sale highlights the demand for stabilized, well-located logistics assets in the central U.S. Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, noted that functional buildings in key Midwest submarkets serve durable logistics demand, supported by labor availability, highway access, and proximity to end customers.