EQT Real Estate Sells 10.5 Million-Square-Foot Southeast Logistics Portfolio to LBA Realty

EQT Real Estate Real Estate has completed the sale of a 46-building, 10.5 million-square-foot Class A logistics portfolio across the southeastern United States to an affiliate of California-based LBA, the firm announced Aug. 27, 2026. JLL's John Huguenard, Trent Agnew, and Will McCormack advised EQT Real Estate on the transaction.

The portfolio was held through EQT Real Estate Industrial Value Fund V and spans 10 markets across the Carolinas, Georgia, Florida, and Alabama: Charlotte, Greensboro, Greenville-Spartanburg, Atlanta, Savannah, Tampa, Orlando, Jacksonville, Birmingham, and Huntsville.

Portfolio Overview

The 46 buildings average roughly 230,000 square feet each and accommodate a range of industrial uses, including last-touch operations, regional distribution centers, advanced manufacturing, and bulk distribution. The assets are classified as Class A and support a diverse tenant base across the 10-market footprint.

The portfolio's geographic concentration along major Southeast logistics corridors — anchored by the Port of Savannah, JAXPORT, and Inland Port Greer, and connected by the I-85, I-95, I-75, I-20, and I-4 interstate corridors — underpinned the investment thesis at acquisition and continued to drive tenant demand through EQT Real Estate's hold period.

EQT Real Estate's Investment Rationale

Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said the firm identified the Southeast's population growth and logistics demand trends when it originally acquired the portfolio, and that local teams added value through leasing and hands-on management at the building level before the sale.

"People and industry continue moving to the Southeast, and logistics demand has followed both," Brodnik said. "We identified that theme clearly when we acquired this portfolio, and our local teams did fantastic work adding value through leasing and hands-on management, building by building. With the region experiencing sustained positive tailwinds, the transaction marks a natural point to crystallize our investment while offering a meaningful runway for its next phase of growth."

According to the latest U.S. Census Bureau estimates cited in the announcement, each of the 10 markets in the portfolio continues to experience positive population growth, which EQT Real Estate said translates directly into sustained demand for logistics space.

JLL Advisory Team

EQT Real Estate was advised on the disposition by John Huguenard, Trent Agnew, and Will McCormack of JLL. Financial terms, including sale price, price per square foot, and cap rate, were not disclosed.

About the Parties

LBA Realty is a California-based real estate firm. The acquisition was made through an affiliate entity of LBA.

EQT Real Estate is part of EQT, a global investment organization with EUR 291 billion in total assets under management and EUR 155 billion in fee-generating assets under management as of June 30, 2026. EQT Real Estate manages approximately $59 billion in gross asset value, owns and operates more than 2,000 properties totaling over 450 million square feet, and has more than 400 professionals across 50 locations globally. The platform acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia.

Sources

EQT Real Estate press release, "EQT Real Estate announces the sale of a 10.5 million square foot Southeast logistics portfolio to an affiliate of California based LBA Realty," Aug. 27, 2026. https://eqtgroup.com/news/eqt-real-estate-announces-the-sale-of-a-105-million-square-foot-southeast-logistics-portfolio-to-an-affiliate-of-california-based-lba-realty-2026-08-27