Equus Announces the Sale of Eastport Industrial Park in Richmond, Virginia

Equus Capital Partners, Ltd. (“Equus”), a national real estate investment manager, announced that an affiliate completed the sale of Eastport Industrial Park (“Eastport,” or the “Property”), an eight-building, 1,068,995 square-foot industrial park in Richmond, Virginia, to Rockpoint, a real estate private equity firm. The property was 97% occupied at the time of sale.

Jonathan Carpenter and Graham Savage of Cushman & Wakefield represented Equus in the transaction.

Eastport is located two miles from Richmond International Airport (RIC) and minutes from I-64 and I-95. Multiple demand drivers, including the nearby Port of Virginia (one of the largest and busiest ports on the East Coast), have resulted in Richmond being a highly sought-after industrial market.

This strong connectivity allows distribution and logistics tenants to efficiently access the surrounding MSA and major markets along the I-95 corridor. With seamless transportation options, these properties allow businesses to serve regional and national markets quickly and cost-effectively.

The buildings range in size from 71,634 SF to 174,720 SF, with 18’-28’ clear heights, 80’-140’ truck courts, 208 loading positions, and ample parking.  The tenant roster spans a diverse range of industries, including supply, automation, logistics, pet care, medical, and food & beverage.

“The disposition of the Eastport Industrial Park reflects the successful execution of Equus’ value-add strategy for this industrial investment,” stated Michael Brower, Senior Vice President of Equus, who, along with Keith Knight, Vice President, oversaw the transaction for the firm. “We appreciate Cushman & Wakefield’s representation, as the company was involved in both leasing and selling the park.”