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RADNOR, Pa., July 2, 2025 /PRNewswire/ -- EQT Real Estate is pleased to announce that EQT Exeter Industrial Value Fund VI has acquired a 2.04 million square foot portfolio of modern logistics facilities in Manteca, California.
The four Class A buildings are strategically positioned near Interstates 5 and 99, with immediate access to a major Union Pacific intermodal terminal, enabling efficient goods movement across Northern California and the broader West Coast.
The properties are fully leased to four tenants across a diverse set of industries, and with a weighted average lease term of less than three and a half years, the portfolio offers significant near-term opportunity to drive substantial rental growth. The assets are built to modern bulk distribution specifications, including 36-foot clear heights, a mix of cross-dock and single-load configurations, ample trailer and auto parking spaces, and excellent truck maneuverability and circulation.
Located in California's Central Valley, one of the state's fastest-growing industrial corridors, the assets benefit from proximity to major population centers and transportation infrastructure. The region is increasingly becoming a location of choice for large-scale distribution due to its connectivity, cost advantages, and expanding labor pool.
Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: "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."
EQT Real Estate was advised by Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers.
Contact
EQT Press Office, press@eqtpartners.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
| https://mb.cision.com/Main/87/4172687/3545822.pdf | Press Release, EIVF VI, Central Valley Assemblage, 02072025 |
| https://news.cision.com/eqt/i/image-4,c3425338 | Image 4 |
View original content:https://www.prnewswire.com/news-releases/eqt-real-estate-acquires-2-million-square-foot-logistics-portfolio-in-northern-californias-central-valley-302497014.html
SOURCE EQT
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