Press Releases

EQUUS ACQUIRES 329,546 SF CLASS A OFFICE COMPLEX IN CARMEL, IN

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong>PHILADELPHIA, PA. – (December 6, 2013) –</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 Meridian Corporate Plaza (MCP), a three-building, 329,546-square foot Class A office park located&#160;in Carmel, a suburb of Indianapolis, Indiana from Inland American Real Estate Trust. The park was approximately 90 percent occupied at the time of closing.</p> <p class="p2">The seller was represented by Jones Lang LaSalle (JLL) Managing Director <a href="http://www.us.jll.com/united-states/en-us/people/73/jim-postweiler">James Postweiler</a> while JLL Executive Vice President <a href="http://www.us.jll.com/united-states/en-us/people/1228/keith-largay">Keith Largay</a> helped secure acquisition financing on behalf of Equus. JLL will also lease Meridian Corporate Plaza, with the team of Managing Director <a href="http://www.us.jll.com/united-states/en-us/people/723/john-robinson">John Robinson</a> and Senior Vice President <a href="http://www.us.jll.com/united-states/en-us/people/718/adam-broderick">Adam Broderick</a> overseeing those efforts. Cassidy Turley will provide property management services on behalf of Equus.</p> <p class="p1">“The transaction provided an opportunity to acquire a top-of-class office park in the affluent city of Carmel at a discount to replacement cost,” commented Brant Glomb, vice president in Equus’ Chicago Regional Office, who oversaw the transaction for the firm. “We plan to capitalize on Meridian Corporate Plaza’s recent leasing momentum and success to increase occupancy above 90 percent. Additionally, we will add new and improved amenities such as an onsite management office, a new conference facility and a new fully-equipped fitness center which will all complement the quality of the park.” &#160;</p> <p class="p3">Meridian Corporate Plaza is comprised of a three-building, 22-acre complex located within Indianapolis’ premier suburban office submarket. The park possesses an ideal setting with its pristine grounds, mature trees and a large centrally located pond which includes a walking path and patio seating. Onsite amenities include a deli, conference center and locker rooms with shower facilities. &#160;</p> <p class="p3">Meridian Corporate Plaza is ideally located at the corner of “Main and Main” in the heart of one of Indianapolis’ strongest and fastest growing submarkets – North/Carmel. The property is positioned in the Meridian Corporate Corridor – just outside the Indianapolis city boundary – while maintaining an Indianapolis address. With its paramount location on Pennsylvania Parkway, Meridian Corporate Plaza offers excellent exposure along I-465, which runs east-west directly south of the property – providing clear visibility and signage for all three buildings to the highway. North Meridian Street, a major north-south arterial roadway, is located less than ½&#160; mile to the west of Meridian Corporate Plaza’s premier location in the region’s most desired suburban office corridor, affording its tenants and visitors convenient drive-times from throughout northern Indianapolis.</p> <p class="p1">Joseph Neverauskas, head of Equus’ Chicago Regional office commented, "we continue to expand our presence in the Midwest by investing in markets with strong supply/demand fundamentals.”&#160;</p> <p class="p1">Meridian Corporate Plaza is the fourth acquisition Equus has made in the Indianapolis metropolitan area.&#160; In 2005, the firm sold The Precedent Office Park, a one million square foot office complex which it had acquired in 1997.&#160; Also in 2005, the firm acquired Keystone at the Crossing, a 1,027,593 square foot office park on behalf of BPG Investment Partnership VII, L.P. Since acquiring Keystone, Equus has made significant capital improvements and its current occupancy stands at 94 percent. Most recently in July 2012, Equus acquired 4400 West 96<sup>th</sup> Street, a 97,323 square foot, Class A office/warehouse complex located in Carmel, Indiana and which has subsequently been leased to 100 percent.</p> <p class="p1"><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’ portfolio consists of over 24 million square feet of office, retail and industrial properties and nearly 18,000 apartment units in 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"><span class="s1">www.equuspartners.com</span></a><span class="s2">.&#160;</span></p> <p class="p1"><strong>For additional information on the company, please contact:</strong><br /> Joseph G. Nahas, Jr., Vice President, 215-575-2363&#160;</p> <p class="p1"><strong>For additional information on the property, please contact:</strong><br /> Brian Dovalovsky, Asset Manager, 312-235-5991</p> </body> </html>