Press Releases

EQUUS ACQUIRES TWO PREMIER CLASS A OFFICE BUILDINGS IN SCOTTSDALE, AZ

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – (June 5, 2014) –</strong> Equus Capital Partners, Ltd. (Equus), one of the nation’s leading private equity real estate fund managers, announced today that one of its affiliates acquired 92 Mountain View and Scottsdale Gateway I, two buildings totaling 223,131-square feet of Class A office space located&#160;in Scottsdale, Arizona from TR Scottsdale Gateway I and TR Mountain View Corporation. Combined, the properties were 96 percent occupied at the time of closing.</p> <p class="p3">Barry Gabel and Chris Marchildon with CBRE’s Phoenix office, along with Kevin Shannon, Ken White and Michael Moore in CBRE’s Los Angeles office, brokered the transaction. Bryan Taute with CBRE’s Phoenix office has been awarded the marketing and leasing.&#160;</p> <p class="p2">“We are pleased to add these two well-leased, Class A office properties to our existing Scottsdale portfolio,” commented Jonathan Praw, vice president and head of the firm’s West Coast Regional Office, who oversaw the transaction for the firm. “This investment presents the opportunity to acquire institutional grade assets at an attractive basis in a strong infill location.” &#160;</p> <p class="p3">Built in 1998, Scottsdale Gateway I is a two-story class A office building located directly across from the approximately 433-bed Scottsdale Healthcare Hospital and Medical Campus.&#160; The property is 91 percent leased to five tenants, including Matrix Medical Network, Grand Canyon University, Scottsdale Healthcare Rehabilitation Center, SimonMed Imaging and Q Vision. Each of the tenants benefits from its proximity across the street from Scottsdale Healthcare Hospital and Medical campus.&#160;</p> <p class="p3">Built in 1996, 92 Mountain View is across the street from Scottsdale Gateway I and is also a two-story, class A office building. The property is fully leased to CVS Caremark, which is the largest pharmacy healthcare provider in the United States, and the headquarters of the Scottsdale Healthcare Foundation, a group of world class medical centers within Metropolitan Phoenix.</p> <p class="p3">Scottsdale Gateway I and 92 Mountain View are the third acquisition Equus has made in the Scottsdale area.&#160; In 2008, the firm acquired Scottsdale Financial Center I, a 106,000 square foot office project on behalf of BPG Investment Partnership VIII, L.P.&#160; Most recently in March 2012, the firm acquired Lincoln Towne Centre, a 225,000 square foot office project on behalf of BPG Investment Partnership IX, L.P. Since acquiring Lincoln Towne Centre at 67 percent leased, Equus has subsequently increased occupancy to its current level of 97 percent. &#160;</p> <p class="p4"><strong>About Equus Capital Partners, Ltd.&#160; <br /> </strong> 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 and industrial properties and nearly 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 <a href="http://www.equuspartners.com">www.equuspartners.com</a>.&#160;</p> <p class="p5"><strong>For additional information on the company, please contact:</strong><br /> Joseph G. Nahas, Jr., Vice President, 215-575-2363&#160;</p> <p class="p6"><strong>For additional information on the property, please contact:</strong><br /> Jonathan Praw, Vice President, 310-725-8435</p> </body> </html>