EQT Exeter Real Estate Income Trust has made two strategic acquisitions, 3327 E Harrisburg Pike in Middletown, Penn., for more than $170 million and 1500 Shoals Way in Portland, Tenn., for $75 million.
Both industrial properties were constructed last year and are fully leased by commercial tenants with each property carrying a 10-plus-year lease.
Capitalizing on its fresh start and lack of legacy issues, EQRT continues to pursue strategic acquisitions in line with market dynamics and in key U.S. submarkets seeing long-term growth.
The 1.2 million-plus-square-foot central Pennsylvania property is strategically positioned near the regional hubs of two major American shipping carriers and within a five-mile radius of Harrisburg International Airport and the Norfolk Southern Rutherford Railyard. Due to this expansive transport and interstate highway network, the property lies in a critical distribution hub that offers easy access to the northeast U.S. population, in
