Groundbreak.

EQT Sells 10.5M SF Southeast Logistics Portfolio to LBA Realty

EQT Real Estate sold a 46-building, 10.5 million square foot industrial portfolio across 10 Southeast markets, including Atlanta, to an LBA Realty affiliate.

Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast markets
Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast marketsSatellite imagery © Mapbox, © Maxar · site map by Groundbreak

EQT Real Estate has sold 46 Class A logistics buildings totaling approximately 10.5 million square feet to an affiliate of California-based LBA Realty. The portfolio spans 10 Southeast markets: Atlanta, Charlotte, Greensboro, Greenville-Spartanburg, Savannah, Tampa, Orlando, Jacksonville, Birmingham, and Huntsville. The transaction was announced August 27, 2026.

Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast markets
Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast marketsSatellite imagery © Mapbox, © Maxar · site map by Groundbreak

The seller was EQT Real Estate Industrial Value Fund V. The sale price was not disclosed, though PERE reported the exit at up to $1.2 billion. The buildings average roughly 230,000 square feet each.

Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast markets
Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast marketsSatellite imagery © Mapbox, © Maxar · site map by Groundbreak

JLL's John Huguenard, Trent Agnew, and Will McCormack represented the seller. JLL also arranged acquisition financing for the buyer through two national banks.

Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast markets
Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast marketsSatellite imagery © Mapbox, © Maxar · site map by Groundbreak

Tenant uses include last-touch operations, third-party logistics, regional distribution, advanced manufacturing, and bulk distribution. The portfolio benefits from proximity to the Port of Savannah, JAXPORT, and Inland Port Greer, plus the I-85, I-95, I-75, I-20, and I-4 corridors.

Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast markets
Site of EQT Southeast Logistics Portfolio Sale to LBA Realty (46 Buildings, 10.5M SF) at Georgia/Southeast marketsSatellite imagery © Mapbox, © Maxar · site map by Groundbreak
Address
Georgia/Southeast markets
Sq ft
10,500,000

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