EQT Real Estate Industrial Value Fund V, managed by EQT, has completed the sale of a 46-building logistics portfolio totaling approximately 10.5 million square feet across the Southeast United States to an affiliate of California-based LBA Realty.
The buildings are located across 10 Southeast markets in the Carolinas, Georgia, Florida and Alabama: Charlotte and Greensboro, S.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala.
According to the latest U.S. Census Bureau estimates, each of the markets continues to experience population growth. The region also benefits from port, intermodal, and interstate connectivity, including the Port of Savannah, JAXPORT, and Inland Port Greer, as well as the Interstate 85, I-95, I-75, I-20 and I-4 corridors.
Averaging roughly 230,000 square feet, the class A buildings accommodate uses ranging from third-party logistics and regional distribution
