EQT Real Estate has acquired the Central Valley Industrial Portfolio, a collection of four Class A industrial assets totaling 2,041,772 square feet. The properties were purchased from CenterPoint Properties for an undisclosed amount. The transaction is reported to be the largest commercial acquisition in California’s Central Valley region this year and the most significant sale in the history of the Manteca market.
Matthew Brodnik, Global CIO at EQT Real Estate, expressed enthusiasm about the deal, stating, “This acquisition reflects our conviction in investing behind well-located, institutional-quality logistics assets in dynamic markets. With a strong tenant profile, operational upside, and clear growth potential, we’re excited to bring these properties into the EQT Real Estate platform and execute our hands-on, locals-with-locals approach to value creation.”
The transaction was arranged by the Colliers West Industrial Capital Markets Team, including Vice Chair Michael Kendall, Senior Vice Presidents Gian Bruno and Nick Mascheroni, Vice President Kenny Patricia, and Associate Kylie Jones. They partnered with local market experts Executive Managing Director and Vice Chair Michael Goldstein, Vice Chair Ryan McShane, and Executive Vice Presidents Alex Hoeck and Wes Widmer. Additionally, Executive Vice President Jeremy Thornton and Senior Vice President Nicole Sayers from Colliers’ Structured Finance Advisory Group provided debt guidance.
