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Washington DC & Mid-Atlantic  + Pennsylvania  + Industrial  | 

EQT Real Estate Acquires 1M-SF Logistics Property in Northeast Pennsylvania

EQT Real Estate has acquired Scranton North Logistics Center, a recently constructed logistics facility located in Olyphant, Pennsylvania.

JLL’s John Plower, Ryan Cottone and Zach Maguire represented the seller in the transaction. Delivered in 2023, the property spans 1 million square feet and features modern specifications, including 40-foot clear heights, a 600-foot building depth, a 185-foot truck court, 233 trailer stalls, and 163 dock-high doors, along with four additional drive-in doors.

Designed for cross-dock operations, the facility also includes minimal office buildout and full truck circulation. It is fully leased to an investment-grade tenant and serves as an inbound cross-dock node for inventory distribution to regional fulfillment centers. The property is strategically located at 1300 Corporate Way in Olyphant, approximately one mile from US Route 6 and five miles from the confluence of Interstates 81 and 84.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.