Henry Steinberg & Matt Brodnik Of EQT Real Estate Acquire 11-Building Industrial Portfolio In Multiple Markets
Building Size
4,800,000 SF
Asset Type
Industrial
Closing
Oct 27, 2025
AI
An 11-building logistics portfolio located across Central Pennsylvania, Houston, Greenville-Spartanburg, Jacksonville, and Indianapolis was involved in the sale. This industrial asset spans a total of 4.8 million square feet and consists of Class A industrial properties situated near major transport hubs, aligning with a strategy focused on high-demand logistics markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 4,800,000
- Address: Industrial Portfolio
- Market: Central Pennsylvania, Houston & Greenville-Spartanburg, Jacksonville & Indianapolis
- Buyer: Henry Steinberg & Matt Brodnik
- Buyer Company: EQT Real Estate
EQT Real Estate executed the acquisition through its Value Fund VI and Core-Plus Fund IV, further enhancing its portfolio within key logistical markets identified for growth. The acquisition reflects the firm's commitment to acquiring assets in locations with limited new supply, emphasizing strategic investment in logistics.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93