---
title: "Wells Fargo Lends $296M on Industrial Portfolio Buy"
url: https://burnaze.com/article/2da7aa4e-29ee-46eb-8495-260d47479760
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/wells-fargo-industrial-portfolio-florida-new-jersey/
author: "Andrew Coen"
category: "Real Estate"
published: 2026-06-12T15:42:53.000Z
modified: 2026-10-31T13:17:17.414Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/Tom-Traynor-Tom-Rugg-warehouse-construction-credit-Getty-Images.jpg?quality=80&resize=1200%2C630&strip=
---

# Wells Fargo Lends $296M on Industrial Portfolio Buy

**TL;DR:** EQT Real Estate has acquired a 20-property industrial portfolio in southern New Jersey and South Florida with $296 million in financing from Wells Fargo. The portfolio is over 93% leased with nearly 40 tenants.

*By Andrew Coen, originally published in Commercial Observer on 2026-06-12. [Read the original](https://commercialobserver.com/2026/06/wells-fargo-industrial-portfolio-florida-new-jersey/).*

## Story

**EQT Real Estate** has sealed $296 million of acquisition financing for the purchase of a 20-property industrial portfolio in southern New Jersey and South Florida, Commercial Observer can first report.

**Wells Fargo** supplied the five-year, floating-rate loan for EQT’s acquisition of the industrial infill assets comprising 2.4 million square feet.

The 20-property portfolio is more than 93 percent leased with a diverse mix of nearly 40 tenants, according to **CBRE**, which negotiated the debt. The addresses of the properties were not disclosed.

CBRE arranged the transaction with a team consisting of **Tom Traynor**, **Tom Rugg**, **Steve Roth**, **Mark Finan**, **Ryan Kieser** and **Henry Fenmore**.

“The underlying investment reinforces our focus on well-located, infill industrial assets in supply-constrained markets with sustained tenant demand where we aim to drive value through active asset management and leasing,” **Brian Ford**, head of debt capital markets at EQT Real Estate, said in a statement.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- real estate investment (topic)
- Wells Fargo (company)
- CBRE (company)
- Andrew Coen (person)
- acquisition financing (topic)
- industrial portfolio (topic)
- EQT Real Estate (company)
- Tom Traynor (person)
- Tom Rugg (person)
- Steve Roth (person)

---
Originally reported by Andrew Coen, Commercial Observer (https://commercialobserver.com/2026/06/wells-fargo-industrial-portfolio-florida-new-jersey/). Summarized by Burnaze (https://burnaze.com/article/2da7aa4e-29ee-46eb-8495-260d47479760).