Press Releases

EQUUS ACQUIRES CLASS A OFFICE CAMPUS IN ALPHARETTA, GEORGIA

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/e23328b7-1978-4898-abf7-5ebe6539f877/Press Releases/2016_4-28_Brookside I and II Acquisition_4_28_2016/IMG_7403_jpg" /></p> <p><strong>Alpharetta, GA – (April 7, 2016)</strong> – Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced today that an&#160; affiliate has acquired Brookside I and II, a two-building, class-A office campus &#160;totaling 266,592 square-feet located in Alpharetta, Georgia, a submarket of Atlanta. The acquisition was made on behalf of Equus Investment Partnership X, L.P. (“Fund X”), a discretionary fund managed by Equus.</p> <p>The seller, The Blackstone Group, L.P., was represented by Kennedy Hicks, Michael McDonald, Keenan O’Brien, and Drew Nations of Eastdil Secured.</p> <p>Brookside I and II, located at 3625 and 3655 Brookside Parkway, was 98% occupied at the time of acquisition. The five-story office buildings are 15 years old and are situated on a single 19.7-acre parcel. &#160;Tenants benefit from numerous campus amenities including a café, shower facilities, an expansive outdoor area which features a unique terraced landscape, and has an attractive parking ratio of 4.2 spaces per 1,000 square feet. The Campus overlooks and has direct access to the Big Creek Greenway, a 12-foot-wide paved trail which travels along the Big Creek Greenway and through Forsyth County, totaling 14 miles of paved trail.</p> <p>Brookside I and II is situated within two miles of exit 10 on Georgia 400. This location is approximately 22 miles northeast of downtown Atlanta and 15 miles northeast of Buckhead. Exit 10 is fast becoming the preferred destination for office tenants looking for space in the Alpharetta submarket due its proximity to affluent residential communities and to Avalon, a newly constructed mixed-use development less than two miles away. Avalon’s amenity-rich environment includes retailers such as Whole Foods Market, Crate &amp; Barrel, as well as Regal Cinemas and several restaurants. A nearby 110,000 square-foot LifeTime Fitness club, which has been central to other prime retail developments across the country, places the Brookside campus at a distinct advantage over other amenity-starved suburban locations.</p> <p>“This transaction provides the opportunity to acquire two high-quality office buildings located in an amenity-rich area.&#160; With our planned capital upgrades and improvements to the existing on-site amenities, we believe the campus will become even more attractive and sought after by tenants in the marketplace,” commented Joseph F. Felici, Acquisitions Manager of Equus who oversaw the acquisition for the firm, along with George Haines, Vice President, and Timothy Feron, Acquisitions Analyst.</p> <p><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 approximately 18 million square feet of office, retail, and industrial properties and nearly 11,000 apartment units across 48 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, Chicago, Los Angeles, 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><strong>For additional information about the company, please contact:</strong><br /> Joseph G. Nahas, Jr., CRE, Senior Vice President<br /> (215) 575-2363 or visit <a href="http://www.equuspartners.com/">www.equuspartners.com</a></p> <p><strong>For additional information on the transaction, please contact: <br /> </strong> Joseph F. Felici, Acquisitions Manager<br /> (215) 575-2313 or <a href="mailto:jfelici@equuspartners.com">jfelici@equuspartners.com</a></p> </body> </html>