A global real estate firm acquired four Connecticut industrial properties as part of a $575 million East Coast portfolio deal.
A global real estate investment firm has acquired four industrial properties in Connecticut as part of a larger $575 million portfolio deal spanning multiple East Coast markets.
EQT Real Estate said it purchased a 25-building logistics portfolio totaling more than 4.3 million square feet from Mapletree Investments, with assets located along major distribution corridors across the United States.
The Connecticut portion of the deal includes four distribution buildings on Long Beach Boulevard in Stratford:
- 500 Long Beach Blvd., a 117,000-square-foot facility
- 550 Long Beach Blvd., totaling 115,106 square feet
- 600 Long Beach Blvd., totaling 78,900 square feet
- 650 Long Beach Blvd., a 117,000-square-foot building
The properties are located in an infill industrial area with access to major highways and population centers, making them well-suited for logistics and distribution uses, according to the buyer.
Overall, the portfolio includes 25 warehouse and distribution assets across several states, including Connecticut, Florida, Georgia, New Jersey and Pennsylvania.
