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EQT makes $1.3 billion bet on Southern California warehouses

CMBS-backed acquisition signals investor confidence that industrial market is nearing turnaround
Tireco occupies the largest property to be acquired: the 1.1 million-square-foot distribution center at 10545 Production Ave. in Fontana, California. (CoStar)
Tireco occupies the largest property to be acquired: the 1.1 million-square-foot distribution center at 10545 Production Ave. in Fontana, California. (CoStar)
CoStar News
September 11, 2026 | 4:51 P.M.

Sweden's EQT is betting nearly $1.3 billion that Southern California's battered warehouse market is nearing a bottom, with three of the world's largest banks providing new commercial mortgage-backed securities financing.

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