A recently developed logistics center in central Pennsylvania has been acquired by a Swedish investment group.
Specifically, EQT Real Estate announced that its Industrial Core-Plus Fund IV acquired the approximately 809,000-square-foot distribution center at 8032 State Route 183 in Bernville.
The property, known as I-78 Commerce Center, was purchased from Atlanta-based Core5 Industrial Partners. The transaction price was not disclosed, according to CoStar data.
Notably, the facility is located along Interstate 78, roughly 75 miles northwest of Philadelphia. As a result, strong regional and national distribution access is provided.
According to EQT, the acquisition aligns with its broader logistics strategy. Additionally, the property was cited as being located in a supply-constrained distribution market.
In a statement, EQT Chief Investment Officer Matthew Brodnik noted the asset’s modern design and strategic location. Consequently, the facility is positioned to support both regional and national demand.
Overall, the purchase follows a series of recent industrial acquisitions nationwide. Through these transactions, EQT continues to modernize and rebalance its logistics portfolio.
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