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EQT Real Estate acquires Scranton North Logistics Center in Northeast Pennsylvania
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.
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 Northeast corridor, and reflects our commitment to acquiring high-performing assets in key regional distribution centers."
EQT Real Estate would like to thank John Plower of JLL, along with Ryan Cottone and Zach Maguire , who represented the seller in the transaction.
EQT Press Office, press@eqtpartners.com
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https://news.cision.com/eqt/r/eqt-real-estate-acquires-scranton-north-logistics-center-in-northeast-pennsylvania,c4278927
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