Equus Capital Partners Acquires Fully Occupied Industrial Portfolio In GA And FL For $32M

Equus Capital Partners, Ltd has acquired a fully occupied 238,730 square-foot industrial portfolio in Suwanee, GA, and Lakeland, FL, for $32 million. The properties are strategically located near major highways, with the Suwanee property near I-85 and the Lakeland property near I-4 and Lakeland Linder International Airport. This makes the Lakeland property an emerging distribution hub in Florida.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $32,000,000
• Square Footage: 238,730
• Address: 4040 South Pipkin Road, Lakeland, FL & 783 Brogdon Road, Suwanee, GA
• Market: Lakeland, FL & Suwanee, GA

Equus Capital Partners, Ltd made the acquisition through a joint venture with a U.S. public pension plan. The seller of the properties was High Street Logistics Properties, represented by Andrew M. Zgutowicz. The transaction was facilitated by Frank Fallon and Jose Lobon of CBRE, who acted as the brokers for the deal.