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EQT buys Phoenix warehouse in region's largest sale this year

Blackstone sells industrial site for $128.2 million
EQT Real Estate acquired Sarival Logistics Center, leased to Logistics Plus and spanning more than 1.1 million square feet. (Cushman & Wakefield)
EQT Real Estate acquired Sarival Logistics Center, leased to Logistics Plus and spanning more than 1.1 million square feet. (Cushman & Wakefield)
CoStar News
June 12, 2025 | 11:14 P.M.

Investment firm EQT Real Estate acquired a Phoenix distribution center from Blackstone in the region’s largest industrial deal of the past year, at a time when high construction levels have raised industrial vacancy in one of the nation’s fastest-growing regions.

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