{"id":1004569127,"date":"2022-02-28T03:45:44","date_gmt":"2022-02-28T11:45:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004569127"},"modified":"2022-12-08T17:25:57","modified_gmt":"2022-12-09T01:25:57","slug":"equus-capital-buys-industrial-portfolio-for-168m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/","title":{"rendered":"Equus Capital Buys Industrial Portfolio for $168M"},"content":{"rendered":"<div id=\"attachment_1004569206\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004569206\" data-attachment-id=\"1004569206\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/2350-park-center-drive\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\" data-orig-size=\"763,589\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2350 Park Center Drive\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;2350 Park Center Drive, Mebane, N.C. Image courtesy of Equus Capital Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg?w=763\" class=\"wp-image-1004569206 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg?w=300\" alt=\"2350 Park Center Drive, Mebane, N.C. \" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg 763w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg?resize=300,232 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004569206\" class=\"wp-caption-text\">2350 Park Center Drive, Mebane, N.C. Image courtesy of Equus Capital Partners<\/p><\/div>\n<p><strong>Equus Capital Partners<\/strong> is continuing to expand its industrial footprint across the U.S. with the acquisition of eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.<\/p>\n<p>Tim Feron, vice president of acquisitions for Equus Capital, told <em>Commercial Property Executive <\/em>that the company acquired the portfolio from <strong>Ares<\/strong> for $168 million. Equus Capital made the acquisition on behalf of its sponsored value-added fund, the Equus Investment Partnership XII LP.<\/p>\n<p>The 10-property portfolio totals more than 1.7 million square feet, with buildings that range from 55,000 to 372,000 square feet. According to Equus Capital, the portfolio is mostly made up of single-tenant bulk distribution industrial properties and is more than 92 percent leased to a roster of high-profile credit tenants including Ford Motor Co., Carrier Global, Ferguson Enterprises and Lab Corp.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/will-this-be-another-record-setting-year-for-net-lease-industrial\/\">Will This Be Another Record Year for Net Lease Industrial?<\/a><\/p>\n<hr>\n<p>According to Equus Capital, the portfolio has an opportunity to increase net operating income and expand lease duration. The company also noted that there are three buildings within the portfolio that have expansion capabilities. Feron told <em>CPE<\/em> that the new ownership will conduct cosmetic upgrades and could possibly expand one of the properties, located at 2350 Park Center Drive in Mebane, N.C., in the near future.<\/p>\n<h2>Further focus on Greensboro<\/h2>\n<p>George Haines, partner &amp; senior vice president of acquisitions and development, said in prepared remarks that the Greensboro industrial market will continue to be a focus for the company due to the strong population growth that the state is seeing. Haines also said in his prepared statement that Equus Capital expects the Memphis market to improve as the U.S. supply chain evolves.<\/p>\n<p>Currently, Equus Capital owns and operates a portfolio of more than 30 million square feet of industrial space across the U.S. Earlier this month, <a href=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-pays-nearly-1b-for-5-4-msf-portfolio\/\">the company added 75 industrial assets<\/a> located in seven high-growth East Coast and Sun Belt markets to its growing portfolio. Equus Capital also has the land for another 12 million square feet of new industrial developments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most of the assets are situated in the Greensboro, N.C., area. <\/p>\n","protected":false},"author":883,"featured_media":1004569206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21748,21783,21742],"tags":[44687,33346,42284,33350],"class_list":["post-1004569127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-industrial","category-investment","category-latest","tag-ares-management-corp","tag-equus-capital-partners","tag-ferguson-enterprises","tag-ford-motor-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Equus Capital Buys Industrial Portfolio for $168M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equus Capital Buys Industrial Portfolio for $168M\" \/>\n<meta property=\"og:description\" content=\"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-28T11:45:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:25:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"763\" \/>\n\t<meta property=\"og:image:height\" content=\"589\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/\",\"name\":\"Equus Capital Buys Industrial Portfolio for $168M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\",\"datePublished\":\"2022-02-28T11:45:44+00:00\",\"dateModified\":\"2022-12-09T01:25:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"description\":\"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg\",\"width\":763,\"height\":589,\"caption\":\"2350 Park Center Drive, Mebane, N.C. Image courtesy of Equus Capital Partners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Equus Capital Buys Industrial Portfolio for $168M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\",\"name\":\"Jackson Chen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"caption\":\"Jackson Chen\"},\"description\":\"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Equus Capital Buys Industrial Portfolio for $168M - Commercial Property Executive","description":"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/","og_locale":"en_US","og_type":"article","og_title":"Equus Capital Buys Industrial Portfolio for $168M","og_description":"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.","og_url":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-02-28T11:45:44+00:00","article_modified_time":"2022-12-09T01:25:57+00:00","og_image":[{"width":763,"height":589,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg","type":"image\/jpeg"}],"author":"Jackson Chen","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/","url":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/","name":"Equus Capital Buys Industrial Portfolio for $168M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg","datePublished":"2022-02-28T11:45:44+00:00","dateModified":"2022-12-09T01:25:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"description":"Equus Capital Partners has acquired eight properties in the Greensboro, N.C., area and two in the Memphis, Tenn., market.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg","width":763,"height":589,"caption":"2350 Park Center Drive, Mebane, N.C. Image courtesy of Equus Capital Partners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/equus-capital-buys-industrial-portfolio-for-168m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Equus Capital Buys Industrial Portfolio for $168M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1","name":"Jackson Chen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","caption":"Jackson Chen"},"description":"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/02\/2350-Park-Center-Drive.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004569127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/883"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004569127"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004569127\/revisions"}],"predecessor-version":[{"id":1004569334,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004569127\/revisions\/1004569334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004569206"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004569127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004569127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004569127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}