Equus Announces the Acquisition of a Three-Building Class A Industrial Portfolio in Raleigh-Durham, North Carolina

Equus Capital Partners, Ltd. (“Equus”) announced today that an affiliate completed the acquisition of Falls Lake Commerce Center (“Falls Lake”) for $46,850,000. Falls Lake is a three-building, Class A industrial portfolio totaling 341,867 square feet in Butner, North Carolina, within the Raleigh-Durham metropolitan area. The acquisition was completed on behalf of Sweet Grass II, a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan.

Falls Lake supports Equus’ industrial investment strategy to acquire institutional-quality industrial assets in established, high-growth markets with efficient access to transportation infrastructure. The Raleigh-Durham region continues to rank among the fastest-growing employment and population centers in the Southeast, supported by in-migration, a highly educated labor force, and a diversified economic base anchored by life sciences, technology, advanced manufacturing, and logistics. Falls Lake’s location offers tenants convenient access to Interstate 85, Research Triangle Park, and the Raleigh-Durham International Airport, while providing a cost-advantaged alternative to more constrained infill submarkets.

Falls Lake comprises three modern tilt-wall logistics facilities developed between 2009 and 2015. The buildings feature 30-foot clear heights, ESFR sprinkler systems, shared truck courts, and a total of 53 dock-high doors and 6 drive-in doors, providing flexible layouts suitable for distribution, manufacturing, and light-assembly users. The portfolio also includes a 1.2-acre industrial outdoor storage lot with approximately 65 trailer stalls.

The portfolio is 100% leased to three tenants operating across logistics, manufacturing, and food production uses. Lease terms provide stable in-place cash flow with built-in rent growth, while maintaining flexibility over the hold period.

“The Falls Lake acquisition adds three modern, Class A buildings to our Raleigh-Durham industrial portfolio which spans more than four million square feet across multiple ventures,” commented Tim Feron, Senior Vice President of Equus, who oversaw the acquisition along with Tucker Scaringe, Associate at Equus. “Due to the region’s diverse economy and continued population growth, demand for industrial space remains strong from a wide variety of users.”