Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Platform Equus, Ontario Teachers’ Acquire $78M Logistics Park in Richmond
Equus Capital Partners, Ltd. and Ontario Teachers’ Pension Plan have completed the acquisition of Ashton Logistics Park, a two-building, 523,407-square-foot industrial portfolio located in Chesterfield County, Virginia.
The property sits in the Richmond metropolitan area and is fully leased to two institutional-quality tenants. The acquisition marks the inaugural transaction under a new joint venture between Equus and Ontario Teachers’, targeting core and core-plus assets in key markets across the U.S.
Lingerfelt sold Ashton Logistics Park for $78.2 million, with Newmark brokering the deal. Located within Richmond’s I-95 South industrial submarket, Ashton Logistics Park is positioned along one of the East Coast’s primary distribution corridors, with access to major interstate networks serving the Mid-Atlantic and Southeast regions.
Constructed in 2024, the portfolio consists of two adjacent Class A logistics properties. The larger building at 1660 Ashton Park Drive totals 437,657 square feet, and the second building at 1630 Ashton Park Drive totals 85,750 square feet.
