EQT Real Estate has acquired a fully leased 1.2m sqft US logistics asset for $128.2m (€111m).
Cushman & Wakefield said it advised on the sale of the Sarival Logistics Center industrial project in Litchfield Park, Arizona.
The seller, an unnamed real estate investment management firm specialising in US industrial properties, developed the building speculatively, completing construction in 2022.
Andy Markham, executive vice chair at Cushman & Wakefield, said: “Sarival Logistics Center is a top-tier industrial asset in one of the most active logistics corridors in the Southwest, right along Loop 303. It pairs high-end design with excellent freeway access, making it a great fit for regional and national distribution.
“EQT Real Estate is picking up a strong, stabilised facility that’s set up for long-term success.”
Molly Hunt, director at Cushman & Wakefield’s national industrial advisory group, said: “This transaction is a clear example of the seamless collaboration and deep expertise between Cushman & Wakefield’s capital markets and leasing teams.
“Our integrated approach consistently drives successful outcomes for clients at every stage of the property lifecycle—from acquisition and development to lease-up and final disposition.”
To read the latest IPE Real Assets magazine click here.
