EQT Real Estate Secures $296 Million Loan From Wells Fargo For 20-Property Industrial Portfolio

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.