A major real estate investor has acquired a 2.4 million-square-foot industrial portfolio that includes a distribution facility in Lakeland, extending a bet on some of the Southeast’s busiest logistics markets.
EQT Real Estate purchased the three-building portfolio through its EQT Real Estate Industrial Value Fund VI from a Brookfield affiliate. The portfolio includes fully leased Class A industrial properties in Lakeland, Jacksonville and Savannah, Ga. Terms were not disclosed.
The properties sit near some of the region’s most important freight corridors. The Savannah building is located about five miles from the Port of Savannah, while the Jacksonville asset is near JAXPORT and major highway connections. The Lakeland facility sits along the Interstate 4 corridor between Tampa and Orlando, a key distribution route for companies serving Florida’s growing population.
“The Southeast continues to stand out as one of the most important logistics corridors in the U.S., driven by population growth, expanding port activity, and the ongoing modernization of supply chains,” Matthew Brodnik, global chief investment officer at EQT Real Estate, said in a statement.
EQT said the buildings feature cross-dock layouts, large floor plates and high clear heights designed for modern warehouse and distribution operations. The company plans to actively manage the properties following the acquisition.
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The deal highlights continued investor demand for industrial properties near ports and major transportation routes. The Savannah and Jacksonville assets provide access to two of the Southeast’s busiest seaports, while the Lakeland property gives tenants access to much of Florida’s population within a day’s drive.
JLL brokers John Huguenard, Trent Agnew and Will McCormack represented the seller in the transaction.
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