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.