Updated Jun 15, 2026
EQT Real Estate Secures $296 Million Loan From Wells Fargo For 20-Property Industrial Portfolio
$296,000,000
$123/SF
Building Size
2,400,000 SF
Asset Type
Industrial
Closing
Jun 12, 2026
About this deal
AI
The transaction involves a 20-property industrial portfolio located in Southern New Jersey and South Florida, comprising 2.4 million square feet of space. The industrial portfolio is over 93% leased and is managed by nearly 40 tenants.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $296,000,000
- Lender: Wells Fargo
- Landlord: Matt Brodnik & Henry Steinberg - EQT Real Estate
- Brokers: Tom Traynor, Tom Rugg, Steve Roth, Mark Finan, Ryan Kieser & Henry Fenmore - CBRE
- Loan Type: Acquisition
- Loan Terms: five-year, floating-rate
EQT Real Estate secured acquisition financing for the portfolio, with CBRE facilitating the arrangements for the debt. The key individuals involved include lenders from Wells Fargo and brokers from CBRE, emphasizing a collaborative effort in securing financing for this significant industrial acquisition.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93