EQT Real Estate Sells 1 Million-SF Inland Empire Industrial Asset to Artemis Real Estate Partners for $153 Million

EQT Real Estate has sold a 1,004,400-square-foot industrial building in California's Inland Empire to Artemis Real Estate Partners for $153 million, or approximately $152 per square foot, according to NAI Capital's Second Quarter 2026 Inland Empire Industrial Market Outlook.

The transaction was reported by NAI Capital on July 20, 2026. No additional terms, financing details, or lease information were disclosed in the source material.

Deal Details

The single-building industrial asset totals 1,004,400 square feet and is located in the Inland Empire. EQT Real Estate served as the seller, while Artemis Real Estate Partners acquired the property. The $153 million purchase price equates to $152 per square foot, according to NAI Capital's market report. The specific location of the property within the Inland Empire was not disclosed in the source material.

Inland Empire Industrial Market Conditions

According to NAI Capital's Q2 2026 report, authored by J.C. Casillas, Managing Director of Research and Public Relations at NAI Capital, leasing activity rebounded 8.7% quarter-over-quarter in the first quarter of 2026 but remained 24.3% below first-quarter 2025 levels.

Rents continued to decline, falling 4.0% quarter-over-quarter and 7.8% year-over-year. The report notes that persistent rent softening points to a market still working through oversupply as construction activity recedes, while leasing demand is offering signs of stabilization.

On the sales side, NAI Capital's data shows leasing dipped 3.4% quarter-over-quarter in the first quarter of 2026 but remained up 19.9% year-over-year. Rents ticked up 2.1% quarter-over-quarter, though still down 5.8% year-over-year. Construction rose 14.9% quarter-over-quarter but remained 29.4% below first-quarter 2025 levels.

About the Firms

EQT Real Estate is the real estate investment platform of EQT. Artemis Real Estate Partners is a real estate investment manager. Neither firm issued a separate statement regarding the transaction beyond what was reported in NAI Capital's market outlook.

NAI Capital Commercial is a commercial real estate brokerage firm operating in Southern California.

Sources

• NAI Capital, Inland Empire Industrial Market Outlook, Second Quarter 2026, published July 20, 2026. https://www2.naicapital.com/ie-industrial-market-outlook-q2-2026/