An affiliate of Equus Capital Partners has acquired a nine-property, 1.4-plus million-square-foot industrial portfolio located in the Charlotte and Piedmont Triad industrial markets. The portfolio was acquired in early March 2024 for $124 million by an Equus-sponsored value-added fund (Equus Investment Partnership XII, L.P.).
The portfolio is predominantly composed of single-tenant bulk distribution properties and is 100 percent leased to nine tenants. The nine-building portfolio — eight in the Charlotte MSA and one in the Greensboro MSA — ranges from 38,480–382,668 square feet and boasts several high-profile credit tenants including FedEx, Lenovo and American Woodmark.
The Charlotte segment of the transaction totals 1,215,074 square feet across eight buildings in the Lincoln, Cleveland and Iredell County submarkets. The region’s connectivity to Interstate 85, a key logistics corridor serving many of the high-growth MSAs in the Sunbelt, and I-40, the third-long
