{"id":1004802063,"date":"2026-06-17T02:26:30","date_gmt":"2026-06-17T10:26:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004802063"},"modified":"2026-06-17T02:26:31","modified_gmt":"2026-06-17T10:26:31","slug":"equus-sells-656-ksf-virginia-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/equus-sells-656-ksf-virginia-portfolio\/","title":{"rendered":"Equus Sells 656 KSF Virginia Portfolio"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a32acde188eb&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004802064\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equus-sells-656-ksf-virginia-portfolio\/port-of-virginia-shallow-bay-photo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg\" data-orig-size=\"1000,750\" 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;1769781044&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;1&quot;}\" data-image-title=\"Port of Virginia Shallow Bay Photo\" data-image-description=\"&lt;p&gt;Image from JLL Capital Markets recieved via mail&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The properties within the portfolio came online between 2005 and 2012. Image courtesy of JLL Capital Markets&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg\" alt=\"Exterior shot of Port of Virginia Shallow-Bay Portfolio in Hampton Roads, Va.\" class=\"wp-image-1004802064\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/Port-of-Virginia-Shallow-Bay-Photo.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The properties within the portfolio came online between 2005 and 2012.<em> Image courtesy of JLL Capital Markets<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>NorthPoint Development has acquired the Port of Virginia Shallow-Bay Portfolio, a 655,852-square-foot industrial collection near Hampton Roads, Va. Equus Capital Partners sold the assets in a deal brokered by JLL Capital Markets.<\/p>\n\n\n\n<p>The portfolio comprises four facilities: a three-building campus in Suffolk, Va., and a standalone building in Chesapeake, Va. At the time of the deal, the warehouses were 82 percent leased to 10 national and regional tenants from multiple industries, including transportation, distribution, technology and third-party logistics.<\/p>\n\n\n\n<p>The portfolio previously traded in 2020, when Equus acquired it from Prologis for $56.8 million. The company took out a five-year loan from Nationwide Insurance Co. to finance that acquisition.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/top-emerging-industrial-markets\/\">Top 10 Emerging Industrial Markets<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The three Suffolk buildings are at 6900, 6920 and 6950 Harbour View Blvd., close to Interstate 664 and about 13 miles from downtown Norfolk. The other building is at 2601 Indian River Road, roughly 6 miles from downtown Chesapeake and less than 4 miles from Intestate 64. All properties have connectivity to the Port of Virginia terminals.<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.commercialsearch.com\/news\/shallow-bay-industrials-deep-future\/\">shallow-bay warehouses<\/a> came online between 2005 and 2012 and feature 28-foor clear heights, as well as rear-load and side-load configurations. The facilities total 134 dock-high loading doors and six drive-in doors.<\/p>\n\n\n\n<p>JLL Capital Markets Senior Managing Director Bill Prutting, Managing Director Chris Dale, Senior Director Craig Childs, Director Ginna Wallace and Associate Andrew Baquero led the team that represented the seller.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-equus-recent-industrial-deals\">Equus\u2019 recent industrial deals<\/h2>\n\n\n\n<p>The acquisition follows a series of recent industrial transactions by Equus Capital Partners. Last month, the firm <a href=\"https:\/\/www.commercialsearch.com\/news\/equus-picks-up-523ksf-richmond-industrial-portfolio\/\">purchased Ashton Logistics Park<\/a>, an industrial campus in Colonial Heights, Va., for $78.2 million from Lingerfelt.<\/p>\n\n\n\n<p>Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/equus-pays-102m-for-charlotte-campus\/\">Equus also bought<\/a> a 19-building business park in Charlotte, N.C., for $102 million. In addition, the <a href=\"https:\/\/www.commercialsearch.com\/news\/equus-buys-raleigh-durham-industrial-portfolio\/\">company expanded its North Carolina portfolio<\/a> with the acquisition of a three-building industrial portfolio in Butner, N.C., paying $46.9 million for the Raleigh-Durham-area assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collection comprises four facilities.<\/p>\n","protected":false},"author":3355,"featured_media":1004802064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,11,21742,36153],"tags":[33346,44006,38189],"class_list":["post-1004802063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midatlantic","category-latest","category-richmond-hampton-roads","tag-equus-capital-partners","tag-jll-capital-markets","tag-northpoint-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He has joined the CPE-MHN team in 2023. Vicentiu writes stories mainly focusing on the student housing, office and MOB markets. 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