Press Releases

EQUUS CAPITAL PARTNERS, LTD. ANNOUNCES 287,000 SF WAREHOUSE INDUSTRIAL LEASE WITH RUBBERMAID COMMERCIAL PRODUCTS

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p><img src="/media/62557151-5343-4912-b542-4b6243d18f42/Press Releases/2018_4-16_Rubbermaid Lease_4-16-2018/2018_04_10 Stonewall_wLogos_jpg" /></p> <p align="center"><strong>WINCHESTER (FREDERICK COUNTY), VIRGINIA</strong></p> <p><strong>WINCHESTER, VA – (April 10, 2018)</strong> – Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading private equity real estate fund managers, announced that it has entered into a lease agreement with Rubbermaid Commercial Products for 287,000 SF of warehouse distribution space in the Stonewall Industrial Park in Winchester, Virginia.&#160;</p> <p>The Stonewall Industrial Park is located off of Exit 317 along the Interstate 81 (“I-81”) corridor in Frederick County, Virginia, approximately 70 miles west of Washington, D.C.&#160; Equus broke ground on the 287,000 SF Class A speculative industrial project in September 2017, where Rubbermaid will soon occupy 100% of the building.&#160; Equus will complete the development by June 2018 and Rubbermaid will take occupancy in August.&#160; Rubbermaid Commercial Products, which is owned by Newell Brands, manufactures and distributes commercial products in the categories of food service, sanitary maintenance, waste handling, material transport, away-from-home washroom, and safety.&#160;</p> <p>For Rubbermaid Commercial Products, the 287,000 SF lease at Equus’ Stonewall Industrial Park facility is a consolidation of two temporary warehousing spaces and represents a commitment to support their Winchester, VA based manufacturing operations.&#160;</p> <p>Equus’ 287,000 SF Class A industrial building possesses the following attributes:&#160; 32’ clear height, energy efficient T5 interior lighting, 50’ x 50’ column spacing, ESFR sprinkler system, 7” concrete floors and a 180’ truck court.&#160; The new building sits on a 19-acre parcel within the Stonewall Industrial Park which possesses immediate access to and from Exit 317 of I-81.&#160;&#160;&#160;&#160;</p> <p>“Equus Capital Partners, Ltd. is excited to accommodate Rubbermaid Commercial Products at our new Stonewall facility,” stated Dan DiLella Jr., Senior Vice President of Equus Capital Partners.&#160; &#160;“Rubbermaid Commercial Products has a long-standing presence in the Winchester region and this transaction will enhance their ability to service their customers efficiently.&#160; The lease also demonstrates the pent-up demand for quality warehouse/logistics space along the I-81 corridor in Virginia.”</p> <p>Rubbermaid Commercial Products was represented in the transaction by Jim Silberfein and Bob Gibbs of CBRE.&#160; Equus was represented by John Lesinski and Ben Luke of Colliers International.&#160;</p> <p>Equus has completed numerous other Class A industrial projects in the region.&#160; In 2016, Equus developed 730,000 SF in two buildings within the Stonewall Industrial Park (across the street from the Rubbermaid Commercial Products project).&#160; Those facilities are 100% leased to Fiat Chrysler America and Home Depot.&#160; In late 2017, Equus signed a 182,000 SF lease with Procter &amp; Gamble Manufacturing Company in Berkeley County, West Virginia; 14 miles north of Winchester.&#160; P&amp;G will occupy 182,000 SF within a 356,700 SF facility that will be delivered in 4<sup>th</sup> Quarter 2018.&#160;&#160;</p> <p>With more than $4 billion of assets under management, Equus is an experienced real estate development firm and fund manager with significant equity and debt resources.&#160; In addition to FCA, Equus has completed build-to-suit industrial projects for Mercury Paper and McKesson Corporation along I-81 in Virginia.&#160;<br /><br /><strong>About Equus Capital Partners, Ltd. <br /> </strong>Equus Capital Partners is one of the nation’s leading private equity real estate fund managers.&#160; Equus’ diversified portfolio consists of office, multi-family, industrial, and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at&#160;<a href="http://www.equuspartners.com/">www.equuspartners.com</a>.</p> <p><strong>For additional information about the company, please contact: <br /> </strong> 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 property, please contact:</strong><br /> Daniel M. DiLella, Jr., Senior Vice President<br /> (215) 575-2352</p> </body> </html>