100 Hollister Road in Teterboro — File photo / Courtesy: NAI James E. Hanson
By Joshua Burd
Mapletree Investments is selling more than 4 million square feet of industrial space to EQT Real Estate for $575 million, in a deal that includes nearly 740,000 square feet in New Jersey.
According to the firms, the portfolio comprises 25 warehouses across the eastern United States. The four New Jersey properties include:
- 100 Highland Drive in Westhampton
- 15 Campus Drive in Burlington
- 100 Hollister Road in Teterboro
- 353 Richard Mine Road in Wharton
Mapletree and EQT are completing the more than 4.43 million-square-foot portfolio sale in phases and expect the final closings to take place this month.
“We’re proud to kickstart 2026 with an outstanding outcome for our investors,” said Richard Prokup, Mapletree’s U.S. CEO. “This divestment reflects the successful execution of our closed-end fund strategy and illustrates the strength of our U.S. industrial platform. Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline.”
JLL’s John Huguenard, Trent Agnew and Will McCormack represented Mapletree in its sale of the portfolio, which also includes properties in Connecticut, Florida, Georgia, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C. The global real estate firm noted that the deal marks its fourth U.S. warehouse portfolio divestment, following $691.1 million in total logistics asset sales completed in 2025.
“We congratulate EQT on another successful closing, the second industrial portfolio transaction we’ve executed together in the past four months,” said John Paul Chua, director for investment with Mapletree’s U.S. team.
In a news release, the company said 24 of the divested assets were held under the Mapletree US & EU Logistics Private Trust, a closed-end private fund launched in 2019 with a diversified Pan-American and Pan-European portfolio totaling $4.3 billion in assets under management at its inception. The original portfolio consisted of 262 assets in markets with strong transportation access and robust demand across sectors such as ecommerce, third-party logistics and consumer products.
The remaining asset was held under the Mapletree US Logistics Private Trust, a closed-end private fund launched in 2021 with a portfolio of 155 logistics properties across the U.S., which totaled $3.3 billion in assets under management at inception.
“This investment reflects our high-conviction, thematic approach to investing in infill logistics across the U.S., where we see strong long-term demand for well-located industrial assets,” said Matthew Brodnik, chief investment officer at EQT Real Estate. “We believe the portfolio serves as a compelling addition to our U.S. logistics platform and look forward to building on the portfolio’s strong fundamentals through our active ownership approach.”
