Equus acquires a 2-property, 238,730sf industrial portfolio in Georgia, Florida

Equus Capital Partners announced that an affiliate completed the acquisition of a two-property, 238,730-square-foot industrial portfolio in Suwanee, Ga. (Atlanta metro area) and Lakeland, Fla., for $32 million. The portfolio was 100 percent occupied at the time of acquisition. The investment is being made on behalf of a newly established programmatic joint venture between an affiliate of Equus and a U.S. based public pension plan. The seller, an affiliate of High Street Logistics Properties, was represented by CBRE.

783 Brogdon Road, located in Suwanee, is 4.1 miles from Interstate 85 and less than a mile from Peachtree Industrial Boulevard. The I-85/Northeast submarket is a popular last mile location for users in the Atlanta market and has a total of 197 million square-feet of existing inventory. The property was developed in 2022 and leased to a national retailer prior to completion. The building was designed to today’s class A standards with a minimum clear height of 32 feet, LED lights, ESFR sprinkler system and 45 foot by 54 foot column spacing with 60 foot speed bays. The building also has 15 trailer parking positions and has the flexibility to be demised and leased to two tenants.

4040 South Pipkin Road, located in Lakeland, Fla., is 4.5 miles from Interstate 4 and off Polk Parkway, also known as State Road 570, a 25-mile highway traversing Polk County. The property sits 1.5 miles from Lakeland Linder International Airport (LAL), a growing international cargo destination and home to Amazon’s new air cargo hub, the company’s largest such facility in the Southeast. The building, built in 2015, was originally owned by a user, Premier Transportation, and sold empty to the current ownership group. It was developed to many of today’s class A specifications, including a minimum clear height of 28 feet, ESFR sprinkler system, LED lighting, 53 foot by 54 foot column spacing and an abundance of trailer parking, with a total of 139 stalls. The building is currently leased to two tenants, Need it Now Deliverers, a subsidiary of global 3PL Geodis, and Aspen Turf, a company specializing in golf course landscaping products.