The EQT Real Estate Logistics Value Fund VI has finalised the purchase of a major industrial portfolio in Southern New Jersey. This acquisition includes nine light industrial buildings that together span approximately 2 million square feet. The master-planned park is located less than one mile from the I-295 corridor. This position allows for efficient distribution to the New York and Philadelphia metropolitan regions. The assets currently serve a diverse group of blue-chip tenants involved in manufacturing and logistics.

The portfolio features a variety of warehouse buildings with clear heights between 24 and 33 feet. It includes 134 dock doors and flexible suite sizes to accommodate different tenant needs. EQT Real Estate has confirmed plans to initiate selective redevelopment and capital improvements across the site. These upgrades will focus on building exteriors and underutilised spaces to improve the overall appeal of the park. The deal comes at a time of significant rental growth in the Philadelphia market where new supply remains limited due to high barriers to entry.

Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, commented on the strategic value of the deal. “This portfolio offers scale, location and flexibility in one of the most resilient industrial corridors in the United States,” he said. “We see clear potential to enhance the park through active leasing, targeted redevelopment and thoughtful capital improvements. With strong structural demand for modern infill logistics space, we believe the portfolio is well positioned to benefit from long-term supply chain trends and population growth across the Northeast.”

The seller in this transaction was New York Life Investment Management’s Real Estate Investors. CBRE National Partners, including Brian Fiurama and Brad Ruppel, supported the seller during the process. This investment aligns with the focus of EQT Real Estate on acquiring well-located assets in supply-constrained regions. By using its internal management team, the firm intends to drive future development potential and maximise leasing across the industrial park. The I-95/I-295 corridor remains one of the most essential logistics routes on the East Coast for reaching large population centres.