EAST HARTFORD, Conn., Feb. 11, 2026 – PGIM and National Development, in a joint venture partnership, today announced the sale of a Class A industrial building in East Hartford Logistics & Technology Park. The building is one of two industrial properties that sit within the 2.5-million-square-foot development, which was completed in 2024.

PGIM is the second-largest real estate manager in the world.¹ The deal was executed on behalf of PGIM’s U.S. core-plus real estate equity investment strategy. National Development is a leading vertically integrated real estate investment, development and management firm with a long track record of delivering large-scale industrial, residential, life science and senior housing projects across the Northeast.

Soultana Reigle, head of U.S. equity for PGIM’s real estate business, commented: “East Hartford Logistics & Technology Park’s strategic location and state-of-the-art construction have made it an attractive option for big box users in the supply-constrained Northeast industrial market. The sale of the first of two buildings in the development marks a significant milestone for our investment strategy and is a testament to our ability to create value on behalf of our investors.”