EQT Exeter Adds 1M-SF Napa Valley Portfolio

The EQT Exeter Industrial Value Fund VI has acquired two bulk distribution buildings totaling more than one million square feet in Napa Valley’s Wine Country. Terms of the acquisition and the identity of the seller were not disclosed.

Designed to support Northern California’s food and beverage industry, the properties offer proximity to the region’s consumer base and production hubs, with advanced building and site designs that accommodate both traditional logistics users and specialized operators, according to EQT Exeter. Notably, one of the buildings offers direct rail access.

The properties are currently home to a leading food and beverage operator occupying 337,000 square feet under a long-term lease. “This acquisition reflects our ongoing strategy of investing behind high-quality properties in attractive markets while maintaining a tenant-focused approach to asset management,” said Jeremy Hamaoui, Northern California investment and leasing officer at EQT Exeter.

EQT Exeter was advised by Ryan Sitov of JLL.

Michael Brennan will receive Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!