New Jersey’s red-hot industrial real estate market remains a primary engine for high-stakes global investment. Mapletree Investments recently announced the $575 million sale of a massive 4.4 million-square-foot East Coast logistics portfolio to EQT Real Estate, with four key New Jersey assets anchoring the transaction.
The deal marks Mapletree’s fourth major U.S. warehouse divestment in less than a year, bringing the firm’s total industrial dispositions to more than $1.2 billion since June 2025.
While the portfolio spans nine states—including Florida, Georgia, and Pennsylvania—the New Jersey portion represents a critical “infill” component of the deal. The four Garden State properties total 738,942 square feet and are strategically located near major transit hubs and the Port of New York and New Jersey:
| Property Address | Location | Market Significance |
| 100 Hollister Road | Teterboro | Last-mile hub near Teterboro Airport and NYC. |
| 15 Campus Drive | Burlington | Key South Jersey distribution point along the I-295 corridor. |
| 100 Highland Drive | Westhampton | Proximity to the NJ Turnpike for regional logistics. |
| 353 Richard Mine Road | Wharton | Servicing the growing industrial demand in Morris County. |
The acquisition signals EQT Real Estate’s aggressive “thematic” approach to the U.S. market, focusing on well-located assets in regions with high barriers to entry.
“This investment reflects our high-conviction approach to investing in infill logistics across the U.S., where we see strong long-term demand,” Matthew Brodnik, chief investment officer at EQT Real Estate said.
For Mapletree, the sale is a “victory lap” for its MUSEL and MUSLOG closed-end private funds. By offloading these assets now, the group is capitalizing on the sustained demand for e-commerce and third-party logistics (3PL) space that has characterized the New Jersey market throughout 2025 and early 2026.
Despite the massive sale, Mapletree isn’t exiting the U.S. market. The group still manages over 66 million square feet of industrial space across the country and has an active development pipeline of 2.6 million square feet.
Richard Prokup, CEO of Mapletree U.S., noted that the firm remains “confident in the logistics sector’s long-term fundamentals” even as they shift focus toward new development opportunities.
The transaction was facilitated by the JLL industrial team, led by John Huguenard, Trent Agnew and Will McCormack. The final closing for the remaining assets in the portfolio is expected to be completed by the end of March 2026.
