JLL Capital Markets has arranged the sale of an industrial real estate portfolio comprising 11 buildings with a total area of 893,625 square feet. The properties are located along the New Jersey Turnpike, between Exits 2 and 14. The transaction was completed on behalf of an institutional seller, with EQT Real Estate acquiring the portfolio. The financial terms were not made public.
The portfolio is fully leased to a range of tenants, with an average remaining lease term of four years. In-place rents offer potential for increases to market rates, which could provide additional value to the new owner. The properties are situated in established industrial zones that offer convenient access to major population centers such as Philadelphia and New York City, as well as key distribution networks throughout New Jersey.
JLL’s Investment Sales and Advisory team for this transaction included Senior Managing Director John Plower, Senior Director Ryan Cottone, and Managing Directors Nicholas Stefans and Jason Lundy.
JLL Capital Markets provides capital solutions for real estate investors and occupiers worldwide. With over 3,000 specialists in nearly 50 countries, JLL offers services such as investment sales advisory, debt advisory, equity advisory, and recapitalization.
JLL is a global commercial real estate company operating in more than 80 countries with annual revenue of $23.4 billion and more than 112,000 employees.
EQT Real Estate is part of EQT’s global investment platform managing EUR 266 billion in assets across Private Capital and Real Assets segments. EQT Real Estate manages over 2,000 properties totaling approximately 400 million square feet across the Americas, Europe, and Asia through its team of more than 440 professionals in 50 locations.
