EQT Real Estate Acquires Five South Jersey Industrial Properties From Link Logistics For $105.6M

The transaction involved the sale of five fully leased industrial properties located at 500-520 Pedricktown Road, 2321 High Hill Road, 401 Bordentown Hedding Road, 109 Connecticut Drive, and 75 Haag Avenue in the markets of Swedesboro, Bordentown, Burlington, and Bellmawr. The properties total 681,947 square feet and were acquired for a total of $105,600,000, which equated to approximately $155 per square foot.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $105,600,000
• Buyer: Henry Steinberg - EQT Real Estate
• Seller: Luke J. Petherbridge - Link Logistics
• Broker Representatives: John Plower, Ryan Cottone, Nick Stefans & Jason Lundy - JLL
• Square Footage: 681,947
• Price Per Square Foot: $155

EQT Real Estate, represented by Henry Steinberg, is expanding its regional industrial portfolio, which now totals 2 million square feet. The deal was facilitated by JLL brokers, John Plower, Ryan Cottone, Nick Stefans, and Jason Lundy, who represented Link Logistics in this transaction.