Equus Capital Partners Buys 757,325 SF Industrial Park in Houston

HOUSTON — Philadelphia-based Equus Capital Partners has purchased a 757,325-square-foot industrial park located near the junction of Interstate 45 and Beltway 8 in Houston. The development consists of three rear-load buildings and two cross-dock buildings that were constructed between 2008 and 2014. The buildings were 62 percent leased to 11 tenants at the time of sale. Equus plans to implement a capital improvement program and to rebrand the properties as Park 845 Crossing. Rusty Tamlyn, Trent Agnew, Charlie Strauss,  Katherine Miller and Jack Moody of JLL represented the seller, a joint venture between IDI Logistics and Heitman, in the transaction. John Ream, Michael Johnson and Stuart Hepler of JLL arranged $55 million in floating-rate acquisition financing on behalf of the buyer.