CHICAGO, Nov. 26, 2025 –  JLL Capital Markets announced today the sale of EQT Core II REIT I portfolio, comprising 25 modern, institutional-grade industrial assets totaling more than 8.7 million square feet across 13 key logistics hubs in the U.S.

JLL represented the seller, EQT Real Estate, in the transaction. Artemis acquired the portfolio, which marks the largest industrial sale thus far in 2025.

Strategically positioned in high-demand, supply-constrained corridors, the properties offer access to gateways and regional distribution markets, including New York, Chicago, Atlanta, Phoenix and Texas. This premium centrality places the buildings within a single day’s reach of over 75 million consumers and connects tenants to critical rail, interstate and intermodal infrastructure. The surrounding markets feature robust demographic growth, low unemployment and significant job creation, contributing to lasting commercial demand.

The portfolio features best-in-class specifications, with average clear heights above 30 feet, cross-dock and rear-load configurations, expansive truck courts and generous parking accommodations. The assets are more than 95 percent leased to a diversified roster of 25 tenants active in distribution, e-commerce, food and beverage and manufacturing. Modern construction, flexible layouts and proximity to labor pools position the buildings to capitalize on continued demand for advanced logistics, 3PL operations and resilient supply chains.

The JLL Capital Markets team was led by Senior Managing Directors and Industrial Group Co-Leaders John Huguenard and Trent Agnew, along with Director William McCormack.

“Prime infill locations, exceptional building quality and a diversified tenant base made this a rare institutional-scale offering,” said Huguenard. “These properties combine everything investors seek – connectivity to population, access to major transportation nodes and room for future expansion. The underlying market demographics and city-adjacent sites will support lasting demand and above-market rent growth.”

Agnew added, “Artemis is well-positioned to leverage the scale and connectivity this portfolio offers, operating in metro areas that are seeing some of the highest rent growth and occupancy rates nationwide. The portfolio’s blend of gateway and high-growth regional markets ensures long-term relevance and cash-flow durability for years to come.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

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 owns and operates over 2,000 properties and 400 million square feet, with over 440 experienced professionals across 50 locations globally.

Artemis Real Estate Partners, a Barings company is a real estate investment platform that has acquired over $18 billion gross purchase price of assets in more than 350 investments since its founding in 2009. Artemis is based in Washington, DC, and makes equity and debt investments across the U.S. in core, core plus, value add and opportunistic real estate. Artemis specializes in joint venture partnerships with established, diverse, and emerging operating partners and direct investments. To learn more, visit ArtemisREP.com.