Three industrial properties in Greater Cincinnati just traded hands as part of a coast-to-coast logistics sell-off, hauling in more than $52 million for local owners. The deals were folded into a 36-property package totaling roughly 7.3 million square feet that was marketed by EQT Real Estate. Even as national leasing cools, the sales are a fresh reminder that big institutional money is still very much shopping Cincinnati's industrial market.
National Deal, Coast-To-Coast Footprint
In a press release, EQT said it completed the sale of the 36-property, roughly 7.3 million square foot portfolio to an Ares Real Estate fund, with Marq Logistics set to manage the assets. PR Newswire noted that this was the second tranche of EQT's Core Plus industrial exits and that the portfolio spans major U.S. distribution hubs from Chicago to Southern California, with exposure in Columbus and Cincinnati.
What Sold In Cincinnati
According to reporting by the Cincinnati Business Courier, three Greater Cincinnati industrial properties were included in the portfolio and sold for a combined total of more than $52 million. The Business Courier placed the Cincinnati trades among several regional clusters that made up the broader EQT disposition.
Why Buyers Are Still Paying Up
National coverage stated that the portfolio was largely stabilized at about 95.6% leased and featured blue chip tenants such as Nike, FedEx and Walmart, which goes a long way toward explaining investor appetite. The Real Deal reported that Ares planned to finance the acquisition with roughly a $500 million floating rate loan and contribute about $168 million of equity, a structure that highlights just how much capital is being committed even as rent growth cools.
Local Ripple Effects
For Cincinnati landlords and brokers, the deal underscores a two tier market in which institutional capital gravitates toward modern, well located logistics space while older industrial stock faces stiffer headwinds. Local brokers say trades like this can lift sale comparables and stir interest in repositioning secondary properties, although whether that momentum sticks will hinge on tenant demand and where rents head next.
