Equus Capital Partners has acquired a 74 property, 7.3 million square foot industrial portfolio located across the Phoenix and Tucson metropolitan areas in Arizona.
The portfolio is comprised of predominantly multi-tenant in-fill shallow bay properties located in established transportation corridors and population centers. The portfolio is approximately 98 per cent leased and consists of 342 buildings in 74 business parks. Approximately 85 per cent of the portfolio is located across six strategic sub-markets in Phoenix and about 15 per cent of the portfolio is in Tucson; both metropolitan areas are some of the top growth markets in the United States and poised for continued economic expansion.
The portfolio was acquired through Equus sponsored value-added funds and a consortium of strategic co-investment partners.
The investment aligns with Equus’ strategy of aggregating high quality multi- and single-tenant in-fill properties located in desirable growth corri
