Updated Aug 20, 2026
SparrowHawk Acquires Midwest Industrial Portfolio From EQT For $400 Million
Midwest Industrial Portfolio
$400,000,000
$90/SF
Building Size
4,400,000 SF
Asset Type
Industrial
Closing
Aug 18, 2026
About this deal
AI
The asset involved in the transaction is a 20-property industrial portfolio located in key logistics markets including St. Louis, Cincinnati, Cleveland, Columbus, Dayton, and Louisville. The total sale price of the portfolio is $400,000,000, encompassing a substantial 4,400,000 square feet, which translates to a price per square foot of $91.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $400,000,000
- Buyer: Alfredo Gutierrez - SparrowHawk
- Seller: Per Franzén - EQT
- Broker: JLL
- Total Square Footage: 4,400,000
- Price Per Square Foot: $91
- Markets Included: St. Louis, Cincinnati, Cleveland, Columbus, Dayton, and Louisville
This transaction was a significant milestone for SparrowHawk, marking its largest acquisition to date. JLL’s Industrial Capital Markets group acted on behalf of both the buyer and the seller in this deal.
On the Map
$400,000,000
$90/SF
Industrial
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Players
Louisville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93