Press Releases

EQUUS ANNOUNCES SALES OF THE WINCHESTER 81 LOGISTICS CENTER IN WINCHESTER, VA FOR $27,700,000

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – December 20, 2013</strong> – Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today the sale of The Winchester 81 Logistics Center, a 450,000 square foot distribution center located in Winchester, Virginia to an affiliate of Cole Real Estate Investments for $27,700,000.&#160; At the time of the sale, the distribution center was 100% leased to McKesson Corporation (McKesson), a leading healthcare and information company.&#160;</p> <p class="p1">“The caliber of the tenant and the current market conditions resulted in an extraordinary level of investor interest for this newly completed, expandable, state–of-the-art distribution center,” commented Christopher J. Locatell, senior vice president at Equus who was responsible for overseeing the disposition.</p> <p class="p1">The Seller was represented by Michael Hines and Brian Fiumara of CBRE’s Philadelphia office.&#160;</p> <p class="p1">The Winchester 81 Logistics Center was developed as a long-term build-to-suit lease transaction with McKesson. McKesson’s Medical Surgical business unit is housed in the facility and distributes medical and surgical supplies to physician offices, surgery centers, long-term facilities and home care businesses in New Jersey, eastern Pennsylvania, Delaware, the District of Columbia, Virginia, eastern West Virginia and North Carolina.&#160;</p> <p class="p1">McKesson is currently ranked 14<sup>th</sup> on the Fortune 500 and is a healthcare service and technology information company dedicated to making the business of healthcare run better.</p> <p class="p1">BPG Development Company, L.P., Equus’ development operating arm, oversaw the development and construction of the center which was completed in September 2013.&#160; The tilt-up building is 100% air conditioned and includes a clear height of 32’, 52 loading docks, 2 drive in doors, an ESFR sprinkler system and a host of other modern features.&#160; The building is also approved and designed for expansio&#160; to a total of 750,000 square feet.</p> <p class="p1"><strong>About Equus Capital Partners, Ltd.</strong><br /> Equus Capital Partners, formerly BPG Properties, Ltd. 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 18,000 apartment units in over 70 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.</p> <p class="p1"><strong>For additional information on the company, please contact:</strong><br /> Joseph Nahas, Jr, Vice President, 215-575-2363</p> <p class="p1"><strong>For additional information on the property, please contact:</strong><br /> Christopher Locatell, Senior Vice President, 215-575-2349</p> </body> </html>