EQT Exeter Acquires $225M Industrial Portfolio In Joliet, Illinois

EQT Exeter, part of Swedish private equity firm EQT Group, has purchased a $225 million industrial portfolio consisting of seven buildings, with a focus on Joliet, southwest of Chicago. The acquisition includes over 1.2 million square feet in the Rock Run Business Park in Joliet, as demand for warehousing continues to rise due to e-commerce growth.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $225,000,000
• Square Footage: 3,800,000
• Price per Square Foot: $59
• Address: 4050 Rock Creek Boulevard, Joliet, Illinois, Mississippi & Kentucky

EQT Exeter has acquired a $225 million industrial portfolio, which includes seven buildings with a total square footage of 3.8 million. The properties are located in Joliet, southwest of Chicago, specifically in the Rock Run Business Park. The demand for warehousing in this area has been increasing due to the growth of e-commerce. EQT Exeter, a subsidiary of EQT Group, a Swedish private equity firm, made this significant investment in the industrial sector.