Press Releases

ELLIS PRESERVE 99% OCCUPIED AFTER NEW 87,000 SF LEASE WITH MAIN LINE HEALTH, INC.

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/866be1d5-3967-409f-8548-a14a64dde98b/@Ellis Preserve/HBuilding_Exterior_jpg" /></p> <h3 align="center" class="textaligncenter"><em><strong>Main Line Health will consolidate multiple business operations. <br /> </strong> <strong>Transaction marks second long term commitment for MLH at Ellis Preserve.</strong></em></h3> <p><strong data-mce-style="text-align: left;"><br /> Newtown Square, PA</strong> <span data-mce-style="text-align: left;">– (October 23, 2015)&#160;–</span><strong data-mce-style="text-align: left;">&#160;</strong> <span data-mce-style="text-align: left;">Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that Main Line Health, Inc. has executed an 87,000 square foot office space lease at 3803 West Chester Pike in Equus’ Ellis Preserve, a 210-acre mixed use community situated at the intersection of Routes 252 and 3 in Newtown Square, Pennsylvania.</span></p> <p class="textalignleft">Stephen Spaeder, Senior Vice President of Equus stated, “We are delighted that Ellis Preserve has been selected as the optimal location for Main Line Health to consolidate their administrative offices. In 2007, Main Line Health entrusted us with the development of the 130,000 square-foot Bryn Mawr Hospital Health Center at Newtown Square and we are proud once again that Ellis Preserve is the selected solution to their real estate needs.”</p> <p class="textalignleft">Main Line Health joins Sunoco Inc., which completed its consolidation to a newly redeveloped 233,000 square-foot headquarters facility in September, 2015. &#160;Ellis Preserve is also home to Trinity Healthcare, Morgan Stanley, Deloitte/CIS, Graham Investment Partners, Ameripath Quest, My Alarm Center, PetPlan, and other corporate headquarters. &#160;In fact, since 2007, more than 30 companies have moved to Ellis Preserve and occupy more than 1,000,000 square-feet of Class A space and the Ellis campus adjoins SAP Americas’ 610,000 square-foot American headquarters.</p> <p class="textalignleft">Vice President and Director of Marketing, Neil Gallagher stated, “the unparalleled success of Ellis Preserve is driven by its superior on-site amenities and infrastructure reliability. Set among the historic architecture and landscape, Ellis Preserve delivers to its campus community the Ellis Athletic Center, a full service, professionally operated fitness center which includes 3 outdoor running/walking trails with incorporated exercise stations along with group fitness and personal training; Founders Hall Cafe, a full service restaurant with indoor and outdoor seating and more than 14 acres of dedicated open space for passive recreation. &#160;Joining the list of amenities in 2016 will be Chesterbrook Academy, a 12,000 square foot early childhood education center and The Ballroom at Ellis Preserve, a 12,500 square foot banquet and corporate conference facility set to open in one of the campus’ &#160;beautifully restored historic buildings, the centerpiece of Ellis Preserve. &#160;The corporate campus has dual feed electric service from two electric substations which performed with 100% reliability during Hurricane Sandy and the 2014 ice storm.”</p> <p class="textalignleft">Continuing to build on the strength and success that is Ellis Preserve, Equus Capital Partners is working now to deliver on their vision for a fully integrated mixed use Town Center and is now under construction for their next phase of development which will include a Whole Foods, a Business class Hotel, and 58,000 SF of shops and restaurants.</p> <p class="textalignleft">Equus is expecting to see more ground breakings in 2016 with plans that include for-sale housing, a luxury apartment community and with the availability for several more Built-to-Suit Corporate Headquarters the Ellis Preserve Community is uniquely positioned as the premier corporate headquarters campus providing a true live/work/play environment—steeped in history with an eye set on the future.</p> <p class="textalignleft">Ellis Preserve features a beautiful setting with historic stone buildings, mature trees, and extensive landscaping.&#160; The campus offers easy access to the Main Line, Center City, Philadelphia International Airport, and the Route 202 Corridor.</p> <p class="textalignleft">For additional information, please visit <a href="http://www.ellispreserve.com/">www.ellispreserve.com</a>.</p> <p class="textalignleft"><strong><u>About Main Line Health <br /> </u></strong> Founded in 1985, Main Line Health (MLH) is a not-for-profit health system serving portions of Philadelphia and its western suburbs. At its core are four of the region’s respected acute care hospitals—Lankenau Medical Center, Bryn Mawr Hospital, Paoli Hospital and Riddle Hospital—as well as one of the nation’s premier facilities for rehabilitative medicine, Bryn Mawr Rehab Hospital; Mirmont Treatment Center for drug and alcohol recovery; and HomeCare &amp; Hospice, a home health service. Main Line Health also consists of Main Line HealthCare, one of the region’s largest multi-specialty physician networks, and the Lankenau Institute for Medical Research, a non-profit biomedical research organization located on the campus of Lankenau Medical Center. Main Line Health is also comprised of four outpatient health centers located in Broomall, Collegeville, Exton and Newtown Square. Main Line Health Hospitals, with more than 10,000 employees and 2,000 physicians, are the recipients of numerous awards for quality care and service, including System Magnet® designation, the nation’s highest distinction for nursing excellence. Main Line Health is among the area’s leaders in medicine, providing advanced patient-centered care, education and research to help our community stay healthy.</p> <p class="textalignleft"><strong>For more information regarding Main Line Health, please contact: <br /> </strong> Bridget Therriault, System Director of Communications<br /> (484) 580-1025</p> <p class="textalignleft"><strong><u>About Equus Capital Partners, Ltd. And Ellis Preserve</u></strong></p> <p class="textalignleft"><strong>About Equus Capital Partners, Ltd.: <br /> </strong> Equus Capital Partners, Ltd. (“Equus”), is one of the nation’s leading private equity real estate fund managers. Equus’ portfolio consists of over 24 million square feet of office, retail, and industrial properties and nearly 13,000 apartment units in over 50 multi-family communities located throughout the United States. The firm is headquartered in the Philadelphia area, with a principal office in Yardley, PA, and with offices in Philadelphia, Los Angeles, Chicago, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at <a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p class="textalignleft"><strong>For additional information about the company, please contact: <br /> </strong> Joseph G. Nahas, Jr., Senior Vice President<br /> (215) 575-2363 or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a>&#160;</p> <p class="textalignleft"><strong>About Ellis Preserve: <br /> </strong> Ellis Preserve is a 210-acre master planned development located at the intersection of Routes 3 and 252 in the heart of Newtown Square, PA. The development includes more than 800,000 square feet of office space. Current development plans for Ellis Preserve include approximately 465,000 square feet of additional retail, office and dining venues including a business class hotel, Whole Foods market, 257 luxury apartments, 76 townhomes plus a 270,000 square foot headquarters built-to-suit office building, all thoughtfully designed around open air plazas and connected by pedestrian walkways.</p> <p class="textalignleft"><strong>For more information about Ellis Preserve, please contact: <br /> </strong> Stephen M. Spaeder, Senior Vice President<br /> (215) 575-2386</p> </body> </html>