Equus Capital Acquires 1.8 MSF Industrial Portfolio, 500 Acres in Hampton Roads
PHILADELPHIA — An affiliate Philadelphia-based Equus Capital Partners has acquired a five-property industrial portfolio and 500 acres of developable land in Virginia’s Hampton Roads region. The five buildings total nearly 1.8 million square feet. Three of the buildings, 1006, 1010 and 1020 CenterPoint Drive in Suffolk, were developed between 2011 and 2017 as build-to-suits. The buildings are fully leased and the original tenants remain. The portfolio also includes 3516 S. Military Highway in Suffolk, which was built in 2007, and 375 Kenyon Road in Chesapeake, which was built in 2008. A third-party logistics provider occupies the buildings, both of which service the Port of Virginia. The 500 acres of land is located near CenterPoint Drive and can support up to 5 million square feet of industrial space. A sales price and seller(s) were not disclosed.