Equus purchases 5.4msf industrial portfolio

Equus Capital Partners has purchased a 75-property, 5.4 million-square-foot industrial portfolio located across seven high growth, major distribution markets through the Sun Belt and East Coast. The financial terms and seller were not disclosed; however, the Philadelphia Business Journal reported Prologis sold the portfolio for nearly $1 billion.

The portfolio predominantly comprises multitenant infill shallow-bay properties located in established transportation corridors and population centers. The portfolio is 98 percent leased to nearly 250 tenants offering a diversified rent roll and balanced lease maturity schedule. The portfolio locations are some of the most dynamic growth markets in the United States and are positioned favorably to benefit from continued economic expansion and rent growth.

The investment, which closed in January, was made on behalf of an Equus-sponsored value-added fund, Equus Investment Partnership XII, and a consortium of strategic c