JLL Closes $282.65M in Three Industrial Transactions for EQT Real Estate and Publicly Traded REIT

JLL Capital Markets has closed three industrial transactions totaling $282.65 million and 2.9 million square feet, with EQT Real Estate and a publicly traded REIT emerging as the buyers across five fully occupied properties spanning the Southeast and Midwest, the firm announced July 27, 2026.

The dispositions comprised a three-property Southeast portfolio known as the Sunbelt Bulk Three-Pack, a mission-critical production facility in Winston-Salem, North Carolina, and a specialized last-mile delivery center in Arlington Heights, Illinois. All five assets were fully occupied at the time of sale.

EQT Real Estate Acquires Sunbelt Bulk Three-Pack

EQT Real Estate purchased the Sunbelt Bulk Three-Pack, a portfolio of three Class A distribution facilities totaling approximately 2.4 million square feet across Tampa, Jacksonville and Savannah. Built in 2015 on average, the properties feature 34-foot average clear heights and extensive dock configurations.

The Tampa asset spans 605,412 square feet in the Lakeland submarket, positioned along the I-4 corridor between Tampa and Orlando — a logistics node that has seen low-to-mid single-digit vacancy and above-trend rent growth in recent years. The Jacksonville property encompasses 817,680 square feet in the Northside submarket, offering proximity to JAXPORT terminals and access to I-95 and I-295. The Savannah asset totals 1,001,508 square feet in the Dean Forest/Pooler submarket, one of the primary bulk distribution clusters serving the Port of Savannah, among the fastest-growing container ports in the United States.

The portfolio serves tenants across food and beverage distribution, consumer goods and flooring manufacturing sectors. Each property benefits from proximity to major transportation infrastructure and population centers.

Publicly Traded REIT Acquires Winston-Salem and Arlington Heights Assets

A publicly traded REIT acquired both the Winston-Salem production facility and the Arlington Heights delivery center in separate transactions.

The Winston-Salem asset is a 526,320-square-foot facility constructed in 2007 that functions as a mission-critical distribution and production center for the beverage sector, employing more than 550 people. The property is located adjacent to Interstate 75 and has access to Interstates 40, 285, 73 and 85. It features 29-foot clear heights, 18,000 amps of power and an on-site solar panel installation.

The Arlington Heights delivery center spans 182,863 square feet and was originally developed in 1989 on the former Motorola campus before undergoing an extensive renovation in 2020. The fully occupied facility supports a fleet of more than 400 delivery vehicles and includes more than 100 electric vehicle charging stations, mechanics bays and drive-through inspection facilities. The property provides 13,200 total amps of power and sits at the intersection of State Route 53 and State Route 68, with Interstates 90, 290, 294 and 94 accessible within 15 minutes.

JLL Capital Markets Team

The JLL Capital Markets team was led by Senior Managing Directors John Huguenard and Trent Agnew, Senior Director Will McCormack and Associates Cole Johnston and Tara Hagerty.

Senior Managing Directors Britton Burdette, Luis Castillo and Pete Pittroff, Managing Directors Jim Freeman and Cody Brais, and Senior Director Dave Andrews provided local market support for the Southeast transactions. Senior Director Ross Bratcher supported the Arlington Heights transaction.

Market Context

The three transactions reflect continued institutional demand for modern, fully leased industrial product in key Sunbelt and Midwest logistics corridors. JLL's second-quarter 2026 industrial market research noted accelerating absorption, surging leasing activity and the first meaningful vacancy contraction in three years across U.S. industrial markets — conditions that have supported renewed investor interest in core distribution and last-mile assets.

The deals span property types that have remained among the more active segments of the industrial investment market: port-proximate bulk distribution in the Southeast, mission-critical production facilities with significant power and labor infrastructure, and electrified last-mile logistics centers in major metropolitan areas. All five properties were fully occupied at closing.

EQT manages EUR 269 billion in total assets under management as of March 31, 2026, across private capital and real assets strategies in Europe, Asia Pacific and the Americas. JLL (NYSE: JLL) reported annual revenue of $26.1 billion and employs more than 113,000 people across operations in over 80 countries as of March 31, 2026. JLL's Capital Markets group includes more than 3,000 specialists in nearly 50 countries.