T
he 25‑property portfolio, including 998 Gerdt Court in Greenwood, Indiana, was sold by EQT Real Estate Industrial Core‑Plus Fund II. The deal covers 8.7 million square feet in 13 markets—Atlanta, Chicago, New York, Phoenix, Texas—and is the largest U.S. industrial transaction of 2025. Properties average 31‑foot clear height and feature efficient loading bays; most were built after 2000, and the portfolio was assembled in 2020. Tenants span e‑commerce, industrial, and retail supply‑chain sectors. The sale concludes EQT’s multi‑year plan to build a national logistics platform in high‑growth, supply‑constrained U.S. markets and signals strong demand for stabilized institutional logistics assets. JLL’s John Huguenard, Trent Agnew and Will McCormack advised the transaction. EQT Real Estate, formed from the 2021 merger of EQT and Exeter Property Group, manages over $31 billion in equity under its parent, Sweden‑based EQT AB. — Kristin Harlow