EQT Real Estate Acquires 2 Million Square Foot Industrial Portfolio In Southern New Jersey From New York Life

The transaction involved an industrial portfolio consisting of nine buildings totaling 2,000,000 square feet located in Southern New Jersey. The portfolio primarily consists of light industrial and mid-bulk warehouse assets situated along the I-295 corridor, indicating a strategic location for logistics operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Square Footage: 2,000,000
• Address: Industrial Portfolio
• Market: Southern New Jersey
• Buyer: Matt Brodnik - EQT Real Estate
• Seller: New York Life Real Estate Investors
• Broker Representation: Brian Fiumara, Brad Ruppel, Mike Hines & Joe Hill - CBRE

The deal was facilitated by CBRE brokers Brian Fiumara, Brad Ruppel, Mike Hines, and Joe Hill, representing New York Life Real Estate Investors. This transaction underscores the sustained demand for infill logistics assets in proximity to major distribution hubs in the Northeast.