The purchase of three warehouses in Jacksonville by global real estate investment manager EQT Exeter was part of a larger deal for the company for properties “strategically located in prime submarkets across the United States."
EQT Exeter said in a Nov. 18 news release it acquired 33 industrial properties called “The Assemblage,” totaling more than 4.5 million square feet. It says it bought them through EQT Exeter Industrial Value Fund VI.
EQT Exeter said the properties are in Atlanta; Chicago; Cincinnati; El Paso, Texas; Indianapolis; Jacksonville; Kansas City, Missouri; Louisville, Kentucky; and Richmond, Virginia.
“Strategically located within these prime logistics corridors, the properties provide seamless connectivity to key interstate routes and major population centers, optimizing both last-mile and regional distribution,” it said in the news release.
“The Assemblage is approximately 90% leased with staggered lease terms. EQT Exeter intends to enhance value through the make-ready and lease-up of the remaining 428,000 square feet of available space across the assets.”
EQT Exeter did not disclose the total value of the properties it purchased.
EQT Exeter said Chris Riley of CBRE arranged the transaction with assistance from Ryan Bain, Frank Fallon, Judd Welliver, José Lobón, Jonathan Beard and Jonathan Bryan of CBRE National Partners.
Jacksonville properties
In Jacksonville, EQT Exeter acquired three properties Nov. 15 for a total of $64.1 million:
• $30.2 million, 10089 N. Main St., North Jacksonville, 18.45 acres, 240,680 square feet, built in 1991 and renovated in 2012. It was acquired by Exeter 10089 North Main LLC.
• $28.9 million, 111001 Pritchard Road, Northwest Jacksonville, 11.66 acres, 244,454 square feet, built in 2010. It was acquired by Exeter 11001 Pritchard LLC.
• $5 million, 1333 Tradeport Drive, North Jacksonville, 3.97 acres, 35,435 square feet, built in 1992. It was acquired by Exeter 1333 Tradeport LLC.
About EQT Exeter
EQT Exeter says on its website it has more than $30 billion in assets under management. The company acquires, develops, leases and manages logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia.
It says it owns and operates more than 2,000 properties and 375 million square feet of space.
EQT Exeter is the real estate division of EQT AB, a private equity investment firm headquartered in Stockholm, Sweden.