Henry Steinberg Of EQT Real Estate Acquires CenterState Logistics Center In Lakeland For $61.5M

EQT Real Estate acquired a distribution warehouse located at 8565 State Road 33 N in Lakeland, Florida. The asset is an industrial property with a total square footage of 605,412, and the transaction was completed for $61,500,000, reflecting a price per square foot of $102.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $61,500,000
• Address: 8565 State Road 33 N
• Market: Lakeland, FL
• Square Footage: 605,412
• Price per Square Foot: $102
• Buyer: Henry Steinberg - EQT Real Estate
• Seller: Griffin Capital Essential Asset REIT
• Brokers: John Huguenard, Trent Agnew, William McCormack, Cole Johnston, Tara Hagerty, Britton Burdette, Luis Castillo, Pete Pittroff, Jim Freeman, Cody Brais & Dave Andrews - JLL

The transaction represented a strategic acquisition as part of a three-property Sun Belt industrial portfolio. The fully leased property is occupied by Quaker Sales and Distribution, a subsidiary of PepsiCo, highlighting its operational significance within the logistics sector.