EQT Exeter Picks Vacant Buckeye Warehouse for $60.1M

EQT Exeter paid $60.1 million for a just-delivered 641,000-square-foot industrial building in Buckeye, Arizona. BET Investments developed and sold the property, which is located along the I-10 freeway, just west of Verrado Way. The building was vacant at the time of sale.

Located at 440 North 215th Avenue, the standalone building represented Phase I of a larger 145-acre project, titled Buckeye I-10 Logistics, that BET Investments owns and continues to develop. EQT Exeter will be fully rebranding its new 641,906-square-foot building under a new moniker, I-10 Gateway.

Will Strong, Kirk Kuller, Michael Matchett, Molly Hunt, and Dean Wiley of Cushman & Wakefield’s National Industrial Advisory Group—Mountain West represented both the seller and buyer in the transaction. Cushman & Wakefield’s Andy Markham, who will handle leasing, added, “Buckeye offers outstanding proximity to the Southern California Ports and therefore has become a preferred location for major industrial occupiers in need of strategic logistics and warehouse facilities in the Southwest U.S.”