EQT Real Estate IV has acquired I-78 Commerce Center, an 809,000-square-foot cross-dock distribution facility in Berks County, Pennsylvania, delivered in 2024, expanding its Industrial Core-Plus Fund IV portfolio.

The property features a 40-foot clear height, 590-foot building depth, a 185-foot truck court, 123 dock-high doors, four drive-in doors, and parking for 156 trailers, with a design optimized for national distribution and minimal office space.

Strategically positioned between major Northeast and Mid-Atlantic population centers, the asset enhances regional and national distribution reach.

CBRE National Partners facilitated the transaction on behalf of the seller, with financial terms not disclosed.

Beyond this deal, industry moves include Orbital Biocarbon’s investment round backed by a personal investment from EQT’s president and CEO, and The Broe Group naming a former EQT president to its family board, signaling potential strategic shifts.

EQT Corporation is described as financially strong, supported by a positive InvestingPro rating, a history of dividend increases over four consecutive years, and a five-year track record of robust returns.

In related steps, EQT has expanded in infrastructure and energy, with activities including an infrastructure fund acquisition, a recent exit from Kodiak Gas Services, and a significant Kodiak stock offering led by Goldman Sachs.

EQT Real Estate operates under EQT, a global investment organization with a sizable Real Assets portfolio and extensive logistics property management.

Matthew Brodnik, EQT Real Estate’s Chief Investment Officer, says the acquisition strengthens their logistics portfolio in a supply-constrained market and emphasizes modern, mission-critical infrastructure and tenant utility.

The asset is located in the Pennsylvania I-78/I-81 corridor, benefiting from limited industrial supply, strong access to airports, freight corridors, and intermodal rail, with longer entitlement timelines and high demand for large-format facilities.

The design and location position the facility to serve both regional and national demand, enabling broad distribution reach.

The cross-dock design and proximity to major Northeast markets and the Port of New York and New Jersey provide same-day reach to nearly half of the U.S. population via the I-78 corridor.