CHICAGO— JLL Capital Markets announced the sale of the EQT Core II REIT I industrial portfolio, a 25-asset, 8.7-million-square-foot national logistics portfolio spanning 13 major U.S. distribution hubs.
Artemis purchased the portfolio in what JLL says is the largest industrial real estate sale of 2025 to date.
JLL represented the seller, EQT Real Estate, in the transaction.
The portfolio consists of modern, institutional-grade industrial facilities located in high-demand, supply-constrained corridors, with properties positioned near key logistics gateways in New York, Chicago, Atlanta, Phoenix, and Texas. According to JLL, the centrality of these assets places tenants within a single day’s reach of more than 75 million consumers, with close proximity to extensive rail, interstate, and intermodal networks.
The buildings feature average clear heights above 30 feet, cross-dock and rear-load configurations, expansive truck courts, and ample parking. The portfolio is more than 95% leased to a diversified mix of 25 tenants in sectors such as distribution, e-commerce, food and beverage, and manufacturing. JLL noted that the combination of modern construction, flexible layouts, and accessibility to labor pools positions the assets to continue capturing demand from advanced logistics operations, 3PL users, and supply-chain-focused occupiers.
The JLL Capital Markets team representing EQT Real Estate 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,” Huguenard said. “The underlying market demographics and city-adjacent sites will support lasting demand and above-market rent growth.”
Agnew said Artemis is “well-positioned to leverage the scale and connectivity this portfolio offers,” noting that the metro areas included are seeing some of the highest rent growth and industrial occupancy rates in the country. He added that the blend of gateway and high-growth regional markets provides “long-term relevance and cash-flow durability.”
