Press Releases

EQUUS ANNOUNCES 41,700 SF LEASE WITH WHOLE FOODS MARKET AT ELLIS PRESERVE IN NEWTOWN SQUARE, PA

<html xmlns="http://www.w3.org/1999/xhtml"> <head></head> <body> <p class="p1"><strong><em>Transaction kicks off retail phase of the 210-acre mixed use, master planned development</em></strong></p> <p class="p4"><strong>PHILADELPHIA, PA. – (November 6, 2014) –</strong> <a href="http://www.equuspartners.com"><span class="s1">Equus Capital Partners</span></a>, one of the nation’s leading private equity real estate fund managers, announced today that Whole Foods Market has executed a 41,700 square foot build-to-suit lease at 3737 West Chester Pike on Equus’ Ellis Preserve, a 210-acre mixed use community situated at the intersection of Routes 252 and 3 in Newtown Square, Pennsylvania, 15 minutes west of Philadelphia.</p> <p class="p2">Whole Foods Market will anchor the first phase of the retail portion at Ellis Preserve, which will have direct access from Route 3 and Winding Way and include 65,300 square feet of adjoining retail space as well as a 127 room hotel. Construction will commence in the spring of 2015.&#160;</p> <p class="p2">“We are pleased to welcome Whole Foods to Ellis Preserve,” said Stephen M. Spaeder, Senior Vice President of Equus who was responsible for the lease negotiations on behalf of the landlord.&#160; “Whole Foods is an ideal first retail tenant for our community, and we look forward to developing a long term relationship with them as they expand their presence in Delaware County.”&#160;</p> <p class="p2">Founded in 1980 in Austin, Texas, Whole Foods Market is the leading retailer of natural and organic foods and America's first national "Certified Organic" grocer. The Company currently has approximately 400 stores in the United States, Canada, and the United Kingdom.&#160;</p> <p class="p1">Whole Foods Market was represented in the lease negotiations by Ken Bleznak of Atlantic Retail.&#160; Steve Niggeman of Metro Commercial represented the landlord.&#160;</p> <p class="p2">Whole Foods Market will join office occupants including Sunoco Inc., which in the summer of 2015 will consolidate its Center City and Tinicum, PA offices to a newly redeveloped 230,000 square foot headquarters facility at Ellis Preserve. The campus adjoins SAP America’s&#160; 620,000 square foot North American headquarters and is also home to Catholic Health East, Main Line Health, PetPlan, and other corporate tenants which together occupy more than 520,000 square feet. Current office space availabilities range from 2,500 to more than 110,000 square feet of contiguous space.&#160;</p> <p class="p2">Ellis Preserve offers numerous on-site amenities including the recently renovated Ellis Athletic Center, a full service, professionally operated fitness center; Founders Hall, a full service restaurant with indoor and outdoor seating; on-site property management and a conference center featuring a 230 seat auditorium. The corporate campus has dual feed electric service from two PECO substations and performed at 100% reliability during Hurricane Sandy and the 2014 ice storm. &#160;</p> <p class="p2">Ellis Preserve features a beautiful setting with historic stone buildings, mature trees and extensive landscaping.&#160; The campus offers easy access to the Main Line, Center City, Philadelphia International Airport and the Route 202 Corridor.&#160;</p> <p class="p1">Future development plans for Ellis Preserve include approximately 350,000 square feet of additional retail, 310 luxury apartments, 100 townhomes plus a 270,000 square foot headquarters built-to-suit office building, all thoughtfully designed around open air plazas and connected by pedestrian walkways.&#160; For additional information, please visit <a href="http://www.ellispreserve.com"><span class="s1">www.ellispreserve.com</span></a>.</p> <p class="p2"><strong>About Equus Capital Partners, Ltd. <br /> </strong> Equus Capital Partners, 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 15,000 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.</p> <p class="p5"><strong>For additional information on Equus Capital Partners, Ltd., please contact:</strong><br /> Joseph G. Nahas, Jr, Vice President, 215-575-2363<br /> <strong><br /> For additional information on the transaction or Ellis Preserve, please contact:</strong><br /> Stephen M. Spaeder, Senior Vice President, 215-575-2386</p> </body> </html>