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EQT Acquires 2M-SF Central Valley Portfolio from CenterPoint
EQT Real Estate has acquired the Central Valley Industrial Portfolio, a collection of four Class A assets spanning 2,041,772 square feet, from CenterPoint Properties for an undisclosed amount. The sale reportedly marks the largest commercial acquisition in the Central Valley region this year, and the largest sale in the Manteca market’s history.
Matthew Brodnik, global CIO 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.”
The Colliers West Industrial Capital Markets Team of vice chair Michael Kendall, SVPs Gian Bruno and Nick Mascheroni, VP Kenny Patricia, and associate Kylie Jones, in partnership with local market experts executive managing director and vice chair Michael Goldstein, vice chair Ryan McShane and EVPs Alex Hoeck and Wes Widmer arranged the transaction. EVP Jeremy Thornton and SVP Nicole Sayers of Colliers’ Structured Finance Advisory Group provided debt guidance.
- ◦Sale/Acquisition
