- 4-building, Magnificence A business portfolio totals 2.04 million sq. toes in Manteca, California
- Situated close to main highways and an intermodal rail terminal, the homes take a seat inside a mission-critical logistics hub for regional and last-mile distribution
- Constructions are absolutely hired to 4 tenants and deal vital upside from below-market rents and next rent maturities
RADNOR, Pa., July 2, 2025 /PRNewswire/ — EQT Actual Property is happy to announce that EQT Exeter Commercial Price Charity VI has obtained a 2.04 million sq. foundation portfolio of recent logistics amenities in Manteca, California.
The 4 Magnificence A constructions are strategically located close to Interstates 5 and 99, with instant get entry to to a significant Union Pacific intermodal terminal, enabling environment friendly items motion throughout Northern California and the wider West Coast.
The homes are absolutely hired to 4 tenants throughout a various i’m ready of industries, and with a weighted moderate rent word of lower than 3 and a part years, the portfolio do business in vital near-term alternative to power considerable apartment enlargement. The belongings are constructed to fashionable bulk distribution specs, together with 36-foot sunlit heights, a mixture of cross-dock and single-load configurations, enough trailer and auto parking areas, and finest truck maneuverability and flow.
Situated in California’s Central Valley, one of the vital order’s fastest-growing business corridors, the belongings get pleasure from proximity to main crowd facilities and transportation infrastructure. The patch is increasingly more changing into a location of selection for large-scale distribution because of its connectivity, price benefits, and increasing exertions lake.
Matthew Brodnik, International Well-known Funding Officer at EQT Actual Property, mentioned: “This acquisition reflects our conviction in investing behind well-located, institutional quality logistics assets in dynamic markets. With a strong tenant profile, operational upside and clear growth potential, we’re excited to bring these properties into the EQT Real Estate platform and execute our hands-on, locals with locals approach to value creation.”
EQT Actual Property used to be recommended by way of Michael Kendall, Michael Goldstein, Gian Bruno and Nick Mascheroni of Colliers.
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