Single-asset acquisition of a 1 million square foot Class A logistics facility strategically located in Northeast Pennsylvania’s industrial corridor\u00a0Facility is a newly-built cross-dock distribution center featuring modern specifications designed to meet the needs of today’s blue-chip tenants\u00a0Investment aligns with EQT Real Estate’s strategy to acquire high-quality logistics assets located near key transport infrastructure and supply-constrained growth corridors\u00a0<\/p>\n
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.\u00a0<\/p>\n
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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.\u00a0<\/p>\n
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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.\u00a0<\/p>\n
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.”\u00a0<\/p>\n
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.<\/p>\n
Contact<\/p>\n
EQT Press Office, press@eqtpartners.com<\/p>\n
About EQT Real Estate<\/p>\n
EQT is a purpose-driven global investment organization with EUR 267 billion in total assets under management (EUR 139 billion in fee-generating assets under management) as of 30 September 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $58 billion in GAV, owns and operates over 2,000 properties and 400 million square feet, with over 400 experienced professionals across 50 locations globally.<\/p>\n
More info: www.eqtgroup.com
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https:\/\/news.cision.com\/eqt\/r\/eqt-real-estate-acquires-scranton-north-logistics-center-in-northeast-pennsylvania,c4278927<\/p>\n
https:\/\/mb.cision.com\/Main\/87\/4278927\/3832116.pdf<\/p>\n
https:\/\/news.cision.com\/eqt\/i\/36771-1300-corporate-way-olyphant-pa-05,c3494448<\/p>\n
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