Equus Capital Partners affiliate acquires Lakeland industrial center for $38 million

An affiliate Equus Capital Partners Ltd., a national real estate investment manager, has completed the acquisition of a two-building, 299,241 square-foot industrial center located in Lakeland, for $38 million.

The property, at 900 & 920 N. Chestnut Road, is located 4.2 miles from Lakeland Linder International Airport. The buildings were built in 2021 and were developed to today’s Class A specifications.

The property was 100% leased, at the time of acquisition, with two tenants including Gruma, a subsidiary of food manufacturer Mission Foods and Safelite, a subsidiary of vehicle glass repair company, Belron.

The investment was made on behalf of a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan. The seller, an affiliate of High Street Logistics Properties, was represented by Frank Fallon and Jose Lobon of CBRE.

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