Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today that it has broken ground on a 287,000 square foot speculative warehouse logistics facility in the Stonewall Industrial Park in Winchester, VA. The Stonewall Industrial Park is located along the Interstate 81 corridor in Frederick County, approximately 75 miles west of Washington DC.
Located at Exit 317 of I-81 in Virginia, the Class A building will sit on a 20-acre site. The facility will be constructed of tilt-up concrete panels and will possess the following specifications: 32’ clear height, energy efficient T5 interior lighting, 7” concrete floors, 50’ x 50’ column spacing and an ESFR sprinkler system. The warehouse logistics facility will be a 410’ deep, single-side loaded building with a 180’ deep truck court which will include excess trailer parking away from the loading docks. The dimensions of the facility will be attractive for a single-tenant user or multiple users.
Equus’ newest project will be the largest available block of Class A space along the I-81 corridor from Hagerstown, Maryland down through Harrisonburg, Virginia. The facility is currently available for pre-lease with an anticipated completion in June 2018.
“The I-81 region and Winchester specifically provides superior access to the Virginia Inland Port and the population centers along the east coast and Midwest,” commented Dan DiLella Jr., Senior Vice President at Equus. “The Stonewall Industrial Park provides immediate access to Interstate 81. Frederick County, Virginia offers a high quality labor force and favorable real estate taxes and operating costs.”
Since expanding into the I-81 corridor in 2005, Equus has acquired and leased approximately 700,000 square feet of existing industrial space and has completed an additional 1,580,000 square feet of new industrial development projects. In 2016, Equus developed a 330,000 SF speculative facility and leased the project prior to completion to Home Depot and Max Finkelstein, Inc. During the same year, Equus also completed a 400,000 SF build-to-suit for Fiat Chrysler America (FCA). Both projects were in the Stonewall Industrial Park.
Equus has launched an aggressive marketing and leasing program and anticipates the building will be partially or fully leased before its scheduled delivery. John Lesinski and Ben Luke of Colliers International’s Tysons Corner, VA office are leading the marketing efforts.
BPG Development Company, L.P., Equus’ development operating arm, will oversee development and construction.
About Equus Capital Partners, Ltd.
Equus Capital Partners 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, 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 www.equuspartners.com.