Equus Capital Partners sells Virginia Inland Port Logistics Center for $38m
An affiliate of Equus Capital Partners, a U.S. real estate developer and investment manager, has completed the development and sale of the Virginia Inland Port Logistics Center, a 339,450-square-foot, class A warehouse and distribution facility located along Route 522 in Front Royal, Va.
SL Industrial Partners, an affiliate of Silverman Group, purchased the property for $38.2 million. Jonathan Beard, Bo Cashman and Michael Hines of CBRE represented Equus in the transaction.
The Virginia Inland Port Logistics Center is within a half-mile of the Virginia Inland Port, which provides direct rail connections to The Port of Virginia in Hampton Roads/Norfolk, Va. At the time of the sale, the property was 100 percent leased to an affiliate of Iron Mountain Inc., a company specializing in data storage and information management services. The Iron Mountain affiliate, which signed a 10-year lease for the planned facility in May 2022, cited the property’s proximity to the Northe