In a move that signals continued confidence in the South Jersey industrial market, EQT Real Estate announced Monday the acquisition of a massive nine-building logistics portfolio totaling approximately 2 million square feet.
The deal, executed through the EQT Real Estate Logistics Value Fund VI, sees the global investment firm taking control of a master-planned industrial park situated in the heart of the I-95/I-295 corridor. The assets are located less than one mile from I-295, providing a critical “infill” link between the Philadelphia and New York metropolitan hubs.
The acquired portfolio features a mix of light industrial and mid-bulk warehouse facilities. Strategically designed for modern supply chain needs, the buildings boast:
- Clear heights ranging from 24 to 33 feet.
- 134 total dock doors across the park.
- Flexible suite sizes to accommodate a variety of tenant requirements.
The park is currently occupied by a “blue chip” roster of tenants spanning the manufacturing, distribution, and global logistics sectors.
South Jersey has become a primary target for institutional investors due to its dwindling land availability and high barriers to entry. According to EQT, the Philadelphia region remains one of the top U.S. markets for rental growth, fueled by the relentless expansion of e-commerce and the modernization of East Coast supply chains.
Matthew Brodnik, global chief investment Officer at EQT Real Estate, highlighted the strategic importance of the acquisition.
“This portfolio offers scale, location, and flexibility in one of the most resilient industrial corridors in the United States,” Brodnik said. “We see clear potential to enhance the park through active leasing, targeted redevelopment, and thoughtful capital improvements.”
EQT plans to leverage its in-house management team to refresh building exteriors and optimize underutilized space, ensuring the assets remain competitive as “last-mile” delivery demands increase.
The seller in the transaction was New York Life Investment Management’s Real Estate Investors, which offloaded the assets as part of a strategic disposition.
The deal was supported by the CBRE National Partners team, including Brian Fiumara, Brad Ruppel, Mike Hines, and Joe Hill, who represented the seller.
