EQT Real Estate has acquired a fully leased 1.2m sqft US logistics asset for $128.2m (鈧�111m).

Cushman & Wakefield said it advised on the sale of the Sarival Logistics Center industrial project in Litchfield Park, Arizona.

The seller, an unnamed real estate investment management firm specialising in US industrial properties, developed the building speculatively, completing construction in 2022.

Andy Markham, executive vice chair at Cushman & Wakefield, said: 鈥淪arival Logistics Center is a top-tier industrial asset in one of the most active logistics corridors in the Southwest, right along Loop 303. It pairs high-end design with excellent freeway access, making it a great fit for regional and national distribution.

鈥淓QT Real Estate is picking up a strong, stabilised facility that鈥檚 set up for long-term success.鈥�

Molly Hunt, director at Cushman & Wakefield鈥檚 national industrial advisory group, said: 鈥淭his transaction is a clear example of the seamless collaboration and deep expertise between Cushman & Wakefield鈥檚 capital markets and leasing teams.

鈥淥ur integrated approach consistently drives successful outcomes for clients at every stage of the property lifecycle鈥攆rom acquisition and development to lease-up and final disposition.鈥�

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