Equus breaks ground on 287,000-square-foot speculative warehouse in Winchester
Equus Capital Partners Ltd., a private equity real estate fund manager based out of Philadelphia, said Wednesday that it has broken ground on a 287,000-square-foot speculative warehouse logistics facility in Winchester’s Stonewall Industrial Park.
The park is located along the Interstate 81 corridor in Frederick County, about 75 miles west of Washington D.C. The Class A building will sit on a 20-acre site. According to Equus, the facility will be constructed of tilt-up concrete panels with a 32-foot clear height, energy efficient interior lighting, and an ESFR sprinkler system.
Equus said its newest project would be the largest available block of Class A industrial space along the I-81 corridor from Hagerstown, Md., down through Harrisonburg. The facility is expected to be complete in June 2018.
“The I-81 region and Winchester specifically provides superior access to the Virginia Inland Port and the population centers along the east coast and Midwest,” Dan DiLella Jr., senior vice president at Equus, said in a statement.
Since expanding into the I-81 corridor in 2005, Equus said it has acquired and leased about 700,000 square feet of existing industrial space and has completed an additional 1.5 million square feet of new industrial development projects.
In 2016, Equus developed two new projects in the Stonewall Industrial Park. One was a 330,000-square-foot speculative facility that it leased prior to completion to Home Depot and Max Finkelstein Inc. The second building was a 400,000-square-foot, build-to-suit for Fiat Chrysler America (FCA).
John Lesinski and Ben Luke of Colliers Internationals Tysons Corner are leading the marketing efforts for Equus’ newest project.
BPG Development Co., Equus’ development operating arm, will oversee development and construction.