
EQT Acquires Scranton North Logistics Center
Key highlights
- 1 million square feet logistics facility
- Fully leased to an investment-grade tenant
- Located in a competitive big-box market
- Features modern specifications for distribution
Source: PR Newswire
Notable Quote
“ We're excited to add Scranton North Logistics Center to our growing portfolio of core, institutional-quality logistics assets. ”
Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate
Why this matters
This acquisition underscores EQT Real Estate's strategic commitment to enhancing their portfolio with high-quality assets in vital distribution hubs, highlighting the continued demand for logistics facilities in Northeast Pennsylvania. This development is particularly significant for the real_estate sector.
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