New Jersey, October 15, 2025
EQT has successfully acquired an extensive industrial portfolio consisting of 11 buildings that cover 894,000 square feet located along the New Jersey Turnpike. This strategic move is expected to enhance logistics and distribution capabilities, leveraging the prime location to meet increasing demand. The acquisition was reported by JLL via Real Estate NJ, emphasizing EQT’s commitment to strengthening its presence in the industrial sector.
New Jersey
EQT Real Estate has acquired an 11-building industrial portfolio totaling 893,625 square feet along the New Jersey Turnpike, enhancing its logistics and distribution capabilities in a prime location.
The portfolio, fully leased to a diversified tenant roster, is strategically located between Exits 2 and 14 of the New Jersey Turnpike. This positioning offers access to the densely populated areas of Philadelphia and New York City, as well as the extensive distribution infrastructure across New Jersey. The properties present an opportunity for value addition through potential rent adjustments, with an average remaining lease term of four years.
JLL Capital Markets facilitated the transaction, representing the institutional seller in the sale to EQT Real Estate. The deal underscores EQT’s commitment to expanding its industrial real estate footprint in key logistics corridors.
This acquisition follows EQT Real Estate’s recent activities, including the sale of a seven-asset truck terminal portfolio across the U.S. and the completion of a 12-building logistics assemblage in Northern Italy. These moves reflect EQT’s strategic focus on enhancing its global logistics and distribution network.
Key Features of the Acquisition
| Feature | Details |
|---|---|
| Number of Properties | 11 |
| Total Square Footage | 893,625 sq. ft. |
| Location | Between Exits 2 and 14 of the New Jersey Turnpike |
| Access | Philadelphia and New York City population centers; New Jersey distribution infrastructure |
| Average Remaining Lease Term | 4 years |
| Tenant Composition | Diversified tenant roster |
| Potential for Value Addition | In-place rents with dramatic mark-to-market potential |
FAQ
What is the size of the industrial portfolio acquired by EQT Real Estate?
The portfolio consists of 11 fully leased industrial assets totaling 893,625 square feet.
Where are the properties located?
The properties are located between Exits 2 and 14 of the New Jersey Turnpike, providing access to the population centers of Philadelphia and New York City, as well as the distribution infrastructure across New Jersey.
What is the average remaining lease term for the properties?
The portfolio has an average remaining lease term of four years.
Who facilitated the transaction?
JLL Capital Markets represented the institutional seller in the sale to EQT Real Estate.
What other recent acquisitions has EQT Real Estate made?
Recently, EQT Real Estate completed the sale of a seven-asset truck terminal portfolio across the U.S. and acquired a 12-building logistics assemblage in Northern Italy.
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Author: Construction NJ News
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