JLL arranges sale and financing of 10.5M-SF Southeast industrial portfolio for EQT Real Estate

• JLL Capital Markets has arranged the sale and financing of a 10.5 million-square-foot Southeast industrial portfolio on behalf of EQT Real Estate to an affiliated entity of California- based LBA Realty.
• The 46-building portfolio spans 10 high-growth markets across the Carolinas, Georgia, Alabama and Florida 
• The Class A logistics facilities average 230,000 square feet and serve diverse tenant uses from last-touch operations to advanced manufacturing

CHICAGO, Aug. 28, 2026 – JLL Capital Markets announced today the sale and financing of a 46-building industrial portfolio totaling approximately 10.5 million square feet across the southeastern United States. The Southeast Industrial Portfolio includes Class A logistics buildings spanning 10 markets in the Carolinas, Georgia, Alabama and Florida.

JLL represented the seller, EQT Real Estate, in the transaction. An affiliate of California-based LBA Realty purchased the portfolio. JLL also arranged acquisition financing through two national banks on behalf of the buyer.

The portfolio consists of highly functional logistics facilities averaging 230,000 square feet and is strategically positioned across the Carolinas, Georgia, Florida and Alabama: Charlotte, Greensboro, Greenville-Spartanburg, Atlanta, Savannah, Tampa, Orlando Jacksonville, Birmingham and Huntsville. All 10 markets are experiencing positive population growth according to the latest U.S. Census Bureau estimates, translating directly into sustained demand for logistics space. The facilities benefit from proximity to major transportation infrastructure including the Port of Savannah, JAXPORT and Inland Port Greer, along with direct access to the I-85, I-95, I-75, I-20 and I-4 corridors.

The buildings accommodate a diverse range of tenant uses including last-touch operations, regional distribution centers, advanced manufacturing and bulk distribution. The varied tenant base provides resilience against sector-specific volatility.

The JLL Capital Markets team representing the seller included Senior Managing Director and Industrial Group Co-Leaders John Huguenard and Trent Agnew, Senior Director Will McCormack and Associate Tara Hagerty.

JLL’s Debt Advisory team was led by Capital Markets President Kevin MacKenzie, Senior Director Peter Thompson, Senior Managing Director Steven Klein and Director Chris Pratt.

"The Southeast continues to establish itself as the premier region for logistics demand as population and industry migrate to business-friendly markets with exceptional infrastructure connectivity," Huguenard said. "This portfolio offered the rare opportunity to acquire critical mass across multiple high-growth Sunbelt markets at a compelling basis, positioning the buyer to capitalize on sustained regional tailwinds while benefiting from meaningful mark-to-market opportunity and stable cash flows from a diverse, credit-quality tenant base."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

EQT is a purpose-driven global investment organization with EUR 291 billion in total assets under management (EUR 155 billion in fee-generating assets under management) as of 30 June 2026, divided into three business segments: Private Capital, Infrastructure and Real Estate. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $59 billion in GAV, owns and operates over 2,000 properties and 450 million square feet, with over 400 experienced professionals across 50 locations globally.

More info: www.eqtgroup.com
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