Equus Announces the Acquisition of a Three-Building, 569,132 Square-Foot Industrial Park in Cartersville, Georgia
Equus Capital Partners, Ltd. (“Equus”) announced today that an affiliate completed the acquisition of Allatoona Business Center, a three-building, 569,132 square foot Class A industrial park located in Cartersville, Georgia within the Atlanta metropolitan area. The acquisition was completed through a programmatic joint venture.
Completed in 2024, Allatoona Business Center consists of three Class A rear-load logistics facilities. The portfolio features institutional-quality specifications including 32-foot clear heights, ESFR sprinkler systems, LED warehouse lighting, 185-foot truck courts, 60-foot concrete aprons, tilt-wall concrete construction, and 45-mil TPO roofing systems. Designed to accommodate a variety of logistics, distribution, light manufacturing, and transportation users, the portfolio offers flexible suite configurations ranging from approximately 23,000 square feet to 191,000 square feet and is currently 88.5% leased to seven tenants.
The portfolio is located within Atlanta’s I-75 North Industrial submarket with direct access to U.S. Highway 41 and approximately 3.5 miles from Interstate 75. The location provides connectivity to the entire Atlanta MSA and throughout the Southeastern U.S. Atlanta remains one of the nation’s premier logistics hubs, supported by strong population growth, a diverse employment base, and extensive transportation infrastructure. The I-75 North submarket is one of the largest industrial submarkets in the region and benefits from limited developable land in infill locations, creating significant barriers to entry and supporting long-term industrial demand for well-located product.
“Allatoona Business Center presented us with the opportunity to acquire three best of class industrial assets with strong occupancy in one of Atlanta’s most in demand industrial submarkets,” commented Tim Feron, Senior Vice President of Acquisitions, who along with Tucker Scaringe and Alex Mazur, Associates, oversaw the acquisition for the firm. “The portfolio’s diversified tenant base and below-market in-place rents should provide an opportunity for future income growth. Atlanta continues to benefit from strong population growth and a favorable business climate, and the property’s access to major distribution corridors positions it well to capitalize on continued industrial demand.”