Press Releases


<html xmlns=""> <head></head> <body> <p>WINCHESTER, VA.&#160;<span style="color: black;" data-mce-style="color: black;">– August 4, 2015 – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today its plans to build a 330,000 square foot speculative industrial warehouse and distribution center in the Stonewall Industrial Park in Winchester, VA.&#160; The Stonewall Industrial Park is located along the Interstate 81 corridor in Frederick County, Virginia, approximately 75 miles west of Washington DC.&#160; Slated to break ground in August 2015, the property will help meet growing demand for Class A, large scale warehouse/distribution space in the region.</span></p> <p>Located at Exit 317 of I-81 in Virginia, the Class A industrial project represents one of the largest spec projects ever to be built in the area. &#160;It’s location in the established Stonewall Industrial Park offers close proximity to some of the area’s largest industrial employers, including OHL (Red Bull), Rite Aid, Home Depot, Kraft Foods, McKesson and TREX.&#160;&#160;</p> <p>Large blocks of available warehouse space along I-81 in Virginia are scarce and available quality, Class A product is almost non-existent.&#160; When there is vacancy, it is quickly absorbed by users within the region looking to expand or new users coming into the market to service the mid-Atlantic region.&#160;</p> <p>“Demand for brand new, expandable, state-of-the-art industrial space is far outpacing available supply along the I-81 corridor,” commented Dan DiLella, Jr., vice president at Equus.&#160; “This region provides access to the Virginia Inland Port and is home to a number of mid-and large sized companies looking to distribute product up and down the East Coast and into the Midwest.”</p> <p>Since expanding into the I-81 corridor in 2005, Equus has acquired and leased approximately 700,000 square feet of industrial space and has completed an additional 850,000 square feet of build-to-suit lease projects including a 450,000 square foot build-to-suit lease for McKesson Corporation.&#160;</p> <p>With more than $4 billion assets under management, Equus is an experienced real estate development firm with significant equity and debt resources.&#160; “Our ability to capitalize a spec project of this scale speaks to our track record of success in the region and the strength of the market for large industrial users,” added DiLella.</p> <p>The 330,000 square foot speculative industrial facility will sit on a 52 acre site which has been engineered to accommodate a second building of up to 500,000 square feet.&#160; The facility will be constructed of tilt-up concrete panels and will boast the following specifications:&#160; 32’ clear height, energy efficient T5 interior lighting, 7” concrete floors, 50’ x 50’ column spacing and an ESFR sprinkler system.&#160; The warehouse/distribution facility will be a 410’ deep, single-side loaded building with a 180’ deep truck court to allow for truck trailer loading and parking away from the loading docks.&#160; The dimensions of the facility will be attractive for a single-tenant user or a multi-tenant scenario.&#160;</p> <p>Equus has launched an aggressive local and national marketing and leasing program and anticipates the building will be partially or fully leased before its scheduled delivery in March 2016.&#160; John Lesinski of Colliers International’s Tysons Corner, VA office is leading the marketing efforts.</p> <p>BPG Development Company, L.P., Equus’ development operating arm, will oversee development and construction.&#160;</p> <p><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ portfolio consists of over 24 million square feet of office, retail, student housing, and industrial properties and more than 16,000 apartment units in over 60 communities located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Los Angeles, Chicago, Washington DC, Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website at</p> <p><strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Vice President, 215-575-2363</p> <p><strong>For additional information on the property, please contact:</strong><br /> Daniel M. DiLella, Jr., Vice President, 215-575-2352</p> </body> </html>