#USA #EQT Exeter #Torrance #Industrial Property #Torrance CA

EQT Exeter Real Estate Income Trust Makes Major Acquisition in Torrance

EQT Exeter Real Estate Income Trust, Inc. (often referred to as EQRT), a notable player in the realm of commercial real estate, has made headlines with its recent acquisition of a substantial industrial property located in Torrance, California. The 76,007 square-foot facility spans nearly 9.6 acres and was purchased for an impressive $51.5 million. This acquisition signifies a strategic move for EQRT, underlining its commitment to long-term investments in vital industrial real estate.

Strategic Location

Torrance is situated in the heart of the South Bay submarket, which is recognized as one of the most supply-constrained logistics hubs in the United States. The property provides access to approximately 20 million residents within a one-hour drive, making it highly advantageous for distribution operations. Its close proximity to densely populated areas, major transport arteries like I-405 and I-110, as well as the bustling ports of Los Angeles and Long Beach, reinforces its appeal for regional logistics and last-mile distribution.

Features and Facilities

The building is currently fully occupied by a Fortune 50 food and beverage company, a testament to its prime suitability for large-scale operations within that industry. The property boasts several functional attributes designed to facilitate modern logistics demands:

• - Van-high Loading Dock: Available on the east and west sides of the facility.
• - Dock-high Loading: Provided on the south side to accommodate various delivery vehicles.
• - Clear Height: The interior features a generous 30-foot clear height, ideal for warehousing and storing goods.
• - High-quality Office Space: Approximately 12% of the building is designated for office use, ensuring that operational and managerial tasks can be conducted on-site.
• - Sustainability Features: Multiple electric vehicle (EV) charging stations have been installed to support eco-friendly delivery operations.

Expert Insights

Ali Houshmand, Global Head of Non-Traded REITs at EQT Real Estate, expressed enthusiasm regarding the acquisition. He stated, “This acquisition reflects our continued conviction in the long-term fundamentals of industrial real estate. Southern California is one of the tightest and most strategically important logistics markets in the country. This investment aligns squarely with EQRT's strategy, focusing on stabilized, income-oriented properties that are critical to modern supply chains, while being positioned for sustainable, long-term demand.”

EQT Real Estate's Vision

EQT Real Estate, the advisory arm of EQRT, is a purpose-driven global investment organization that aims to amplify its presence in the commercial real estate market. Their focus on properties that benefit from long-standing leasing relationships with Fortune 1000 companies positions them well for continued growth and stability. In the current market, EQRT aims to invest in properties with solid business tenants—emphasizing industrial and life science properties, alongside assets catering to consumer needs such as multifamily housing and self-storage facilities.

Conclusion

The acquisition of this industrial site in Torrance not only solidifies EQT Exeter Real Estate Income Trust’s portfolio but also highlights the ongoing interest in industrial properties, particularly those that can support the evolving logistics and supply chain landscape. With fundamental shifts in e-commerce and consumer behavior, EQRT appears poised to leverage its strategic assets for sustained success.