62
WALTHAM, MASS. — Equus Capital Partners, through one of its affiliates, has recapitalized University Office Park in Waltham, a suburb of Boston. The two-building, 288,127-square-foot office park was 87 percent occupied at the time of closing. Equus and Direct Invest LLC worked to restructure and recapitalize the previous tenant-in-common ownership structure. In addition to its preferred equity infusion, Equus also acquired more than 25 percent of the ownership interests in the buildings. The property will be managed by affiliates of Equus. The acquisition of the leasehold interest in University Park was made on behalf of BPG Investment Partnership IX, Equus’ $310 million private equity fund.