Equus JV acquires a two-building, 299,241sf industrial center in Lakeland, Fla. for $38m

Equus Capital Partners announced that an affiliate completed the acquisition of a two-building, 299,241-square-foot industrial center located in Lakeland, Fla., for $38 million.

The property was 100 percent leased at the time of acquisition. The investment was made on behalf of a 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.

The property at 900 & 920 N. Chestnut Rd is 1.5 miles from Interstate 4 and just off of West Memorial Blvd., also known as U.S. Route 92, an 181-mile highway that connects the east and west coasts of Florida. The property sits 4.2 miles from Lakeland Linder International Airport, a growing international cargo destination and home to Amazon’s new air cargo hub, the company’s largest such facility in the Southeast.

The class A buildings were built in 2021 and feature a minimum clear height of 32 feet,