EQT Exeter has announced the acquisition of 33 industrial properties in prime submarkets throughout the United States through its Industrial Value Fund VI. The purchase price for this transaction was not disclosed, and 21 of the assets are located in markets where EQT Exeter has an office.
The portfolio consists of over 4.5 million square feet of bulk and last-mile industrial facilities, with an average building size exceeding 138,000 square feet. These properties are spread across four core regional markets: Southeastern states; Louisville, Cincinnati and Indianapolis (also known as the “E-Commerce Triangle”); Midwest states; and El Paso, Texas.
Currently occupied by a diverse group of 34 tenants, approximately 90% of the portfolio is leased with staggered lease terms. EQT Exeter plans to further increase value by preparing vacant spaces for occupancy and leasing out approximately 428,000 square feet that is currently available.
CBRE’s Chris Riley facilitated this transaction with assistance from Ryan Bain,Frank Fallon,Judd Welliver,José Lobón ,Jonathan Beard,and Jonathan Bryan from CBRE National Partners team.
This latest addition to their portfolio solidifies EQT Exeter’s presence in key industrial markets across multiple regions within the U.S., demonstrating their commitment to strategic growth opportunities within this sector.
