EQT Real Estate Acquires Amazon-Leased Warehouses From ASB Capital Management For $60.25M In Morrisville

The properties involved in this transaction are two industrial assets located at 1200 & 1000 Innovation Avenue in Morrisville, NC. The sale price for these warehouses was $60,250,000. The total square footage of both properties is 322,000, and they are currently leased to Amazon.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,250,000
• Buyer: EQT Real Estate
• Seller: ASB Capital Management LLC
• Market: Morrisville, NC
• Previous Sale Price (2021): $40,000,000

This acquisition was made by EQT Exeter, the Swedish firm, indicating their strategy to target industrial sites utilized by Amazon across the United States. This deal further emphasizes their proactive approach in the e-commerce sector.