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Equus Gallops Away with Two Memphis Industrial Assets, Eight in Greensboro
Equus Capital Partners, Ltd., has acquired a 10-property, 1.7-million-square-foot industrial portfolio. George Haines, Tim Feron, Laura Brestelli, Peter Shatz, and Melina Ronca oversaw the transaction for the firm.
The portfolio is predominantly comprised of single-tenant bulk distribution industrial properties and is over 92% leased. The 10-building portfolio — eight in Greensboro, NC and two in Memphis, TN —range from 55,000 to 372,000 square feet in size and have high-profile credit tenants such as Ford Motor Company, Carrier Global, Ferguson Enterprises and Lab Corp. Three of the buildings have expansion capability that could further enhance portfolio value.
Equus owns and operates over 30 million square feet of industrial space across the US and owns or controls land capable of supporting another 12 million square feet of new industrial development. The company owns and operates more than 6,000 apartment units and is focused on expanding its holdings in the multifamily sector as well as industrial.
- ◦Sale/Acquisition