EQT has acquired a three-building industrial portfolio at the Interchange Logistics Center in San Bernardino, with Cushman & Wakefield arranging the transaction. The portfolio totals approximately 667,024 square feet of industrial space and consists of three institutional-quality assets within a single logistics park. Cushman & Wakefield brokers Jeff Chiate, Rick Ellison, Matt Leupold and Aubrie Monahan represented both the seller, Cabot Properties, and the buyer, EQT, in the sale.
The properties are located at 3392 Mike Daley Drive, 3524 Mike Daley Drive and 1651 Interchange Drive, positioning the portfolio within a master-planned logistics environment. According to Cushman & Wakefield, the project is situated on nearly 35 acres, with individual building sizes ranging from 94,108 square feet to 354,108 square feet. While financial terms of the transaction were not disclosed, the acquisition delivers a sizable concentration of industrial space within a single submarket.
Chiate described the offering as a rare chance for a buyer to gain immediate scale in the Inland Empire East submarket through a single portfolio purchase. He highlighted that the buildings are considered institutional-quality industrial assets, emphasizing construction quality, functionality and alignment with modern logistics requirements. The combination of asset scale, quality and cohesive location appears to have been a central component of the investment thesis for both parties.
The portfolio is reported to benefit from immediate access to major transportation arteries, including key regional highways and interstate routes serving San Bernardino and the broader Inland Empire industrial corridor. This connectivity supports distribution, logistics and last-mile operations that depend on reliable truck access and proximity to regional population centers. The location characteristics, as described, reinforce the positioning of Interchange Logistics Center within one of the nation’s prominent industrial and distribution hubs.
Chiate further noted that the portfolio’s robust tenant occupancy and strategic location underscore continued demand for modern logistics facilities in Inland Empire East. This demand backdrop, combined with the project’s physical attributes, supports ongoing investor interest in institutional-grade industrial product in established distribution corridors. The transaction illustrates how large-scale, fully built industrial parks in infill or near-infill logistics markets continue to attract capital from institutional buyers.
Although the parties did not release pricing or other financial details, the transaction reflects ongoing trading activity for sizable industrial portfolios in core logistics submarkets. With Cushman & Wakefield advising both Cabot Properties and EQT, the deal brings together an established industrial owner and an institutional buyer around a concentrated cluster of modern industrial assets in San Bernardino’s Interchange Logistics Center.
