Business
EQT Real Estate acquires Scranton North Logistics Center in Northeast Pennsylvania
EQT is pleased to announce that the EQT Real Estate Industrial Core-Plus Fund IV ("EQT Real Estate") has acquired Scranton North Logistics Center, a recently constructed logistics facility located in Olyphant, Pennsylvania.
About this update from Eqt Ab
[{"type":"list","items":[{"val":[{"type":"text","content":"Single-asset acquisition of a 1 million square foot Class A logistics facility strategically located in Northeast Pennsylvania's industrial corridor","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"Facility is a newly-built cross-dock distribution center featuring modern specifications designed to meet the needs of today's blue-chip tenants","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Investment aligns with EQT Real Estate's strategy to acquire high-quality logistics assets located near key transport infrastructure and supply-constrained growth corridors","length":176,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":476,"olType":false},{"type":"text","content":"RADNOR, Pa., Dec. 9, 2025 /PRNewswire/ -- EQT is pleased to announce that the EQT Real Estate Industrial Core-Plus Fund IV ("EQT Real Estate") has acquired Scranton North Logistics Center, a recently constructed logistics facility located in Olyphant, Pennsylvania.","length":275,"tagName":"p"},{"type":"text","content":"Delivered in 2023, the property spans 1 million square feet and features modern specifications including 40-foot clear heights, a 600-foot building depth, 185-foot truck court, 233 trailer stalls, and 163 dock-high doors with 4 additional drive-in doors. Designed for cross-dock operations, the facility also includes minimal office buildout and full truck circulation. It is fully leased to an investment-grade tenant and serves as an inbound cross-dock node for inventory distribution to regional fulfillment centers.","length":519,"tagName":"p"},{"type":"text","content":"The property is strategically located at 1300 Corporate Way in Olyphant, approximately one mile from US Route 6 and five miles from the confluence of Interstates 81 and 84. This corridor represents one of the most competitive big-box industrial markets in the country, with less than 4 percent vacancy and limited availability.","length":327,"tagName":"p"},{"type":"text","content":"Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: "We're excited to add Scranton North Logistics Center to our growing portfolio of core, institutional-quality logistics assets. The property's strategic location and modern specifications reflect the long-term strength of the Nort...