Equus Announces the Acquisition of a 648,060 Square Foot Industrial Portfolio in Charlotte, North Carolina

Equus Capital Partners, Ltd. (“Equus”) announced today that an affiliate completed the acquisition of Greylyn Business Park (“Greylyn”) for $102,000,000. Greylyn is a 19-building, 648,060 square foot industrial portfolio located in Charlotte, North Carolina. The acquisition was completed on behalf of a value-add fund sponsored by Equus.

Greylyn is currently 93% leased to 91 tenants and offers an average suite size of approximately 6,550 square feet. Constructed between 1965 and 1998, the portfolio includes a mix of mid-bay industrial and small-bay industrial properties. The buildings feature clear heights ranging from 14 to 24 feet, a combination of dock-high and ground-level loading, 15 ramps, and more than 1,500 surface parking spaces, supporting a diverse tenant base across light industrial, service, and last-mile distribution users.

The portfolio is located in Charlotte’s Southeast Industrial submarket along the Monroe Road corridor with direct access to US-74 (Independence Boulevard). The infill location provides strong connectivity to the region’s primary logistics corridors, including I-85, I-77, and I-40, positioning the portfolio to benefit from continued population and economic growth across the Southeast.

Equus plans to execute a targeted value-add strategy that includes capital improvements to address deferred maintenance, complete suite make-ready work,  modernize building systems, curb appeal and functionality. Through strategic leasing initiatives and operational improvements, Equus plans to reposition select suites to better align with current market preferences.

“Greylyn represents a truly differentiated small‑bay industrial portfolio due to its highly infill location, where it is increasingly difficult to replicate comparable product in today’s market,” commented Tim Feron, Senior Vice President of Acquisitions, who along with Laura Brestelli, Senior Vice President of Capital Markets, and Tucker Scaringe, Associate, oversaw the acquisition and financing for Equus. “With a broad range of suite sizes, the property can accommodate everything from local service providers to larger, national users, creating durable demand across economic cycles. That flexibility, combined with its proximity to the customer base it serves, positions the portfolio as a long‑term, institutional‑quality asset.”