{"id":52731,"date":"2024-12-19T16:44:57","date_gmt":"2024-12-19T21:44:57","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=52731"},"modified":"2024-12-19T16:45:54","modified_gmt":"2024-12-19T21:45:54","slug":"philadelphia-investor-pays-38-million-for-polk-industrial-space","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2024\/12\/19\/philadelphia-investor-pays-38-million-for-polk-industrial-space\/","title":{"rendered":"Philadelphia investor pays $38 million for Polk industrial space"},"content":{"rendered":"
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Equus Capital Partners, a Pennsylvania real estate investment firm, has bought a Lakeland industrial center.<\/p>\n\n\n\n

The firm paid $38 million for the two-building property at 900 N. Chestnut Road, about 4 miles from Lakeland Linder International Airport.<\/p>\n\n\n\n

High Street Logistics Properties was the previous owner. It paid $25.92 million for the property in 2021, according to Polk County property records.<\/p>\n\n\n\n

Equus says the purchase \u201cwas made on behalf of a programmatic joint venture between an affiliate of Equus and a U.S.-based public pension plan.\u201d<\/p>\n\n\n\n

The 299,241-square-foot industrial property is fully leased to two tenants \u2014 Gruma, a subsidiary of food manufacturer Mission Foods, and Safelite, a subsidiary of vehicle glass repair company Belron.<\/p>\n\n\n\n

The buildings were built in 2021 with a minimum clear height of 32 feet, Early Suppression Fast Response sprinkler systems, LED lighting, and excess trailer parking with a total of 89 stalls, according to a statement.<\/p>\n\n\n\n

Equus owns one other industrial property in Lakeland, a 121,600-square-foot facility on South Pipkin Road.<\/p>\n\n\n\n

It also owns seven multifamily properties in the state, including one each in Naples, Plant City, Winter Haven and St. Petersburg.<\/p>\n\n\n\n

The Philadelphia firm\u2019s portfolio includes industrial, multifamily, and office properties throughout the U.S.<\/p>\n\n\n\n

Frank Fallon and Jose Lobon of CBRE represented High Street in the deal. Vice President Tim Feron and analyst Tucker Scaringe oversaw the transaction for Equus.<\/p>\n","protected":false},"excerpt":{"rendered":"

Equus Capital Partners, a Pennsylvania real estate investment firm, has bought a Lakeland industrial center. The firm paid $38 million for the two-building property at 900 N. Chestnut Road, about… <\/p>\n","protected":false},"author":2,"featured_media":52732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"4","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvaTAud3AuY29tXC9sYWtlbGFuZGdhemV0dGUuaW5mb1wvbmV3c1wvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNFwvMTJcL1NjcmVlbnNob3QtNzMtMy1wbmcud2VicD9maXQ9NTg3JTJDMjkzJnNzbD0xIiwidHh0IjoiUGhpbGFkZWxwaGlhIGludmVzdG9yIHBheXMgJDM4IG1pbGxpb24gZm9yIFBvbGsgaW5kdXN0cmlhbCBzcGFjZSIsInRlbXBsYXRlIjoiaGlnaHdheSIsImJsb2dfaWQiOjE2MzA0MDY2MX0.TpSPv6GOKm14FYqz8BsCNuk9Gb_PiulH8Gq_Uo3VmQ4MQ"},"version":2,"attached_media":[{"id":52732,"url":"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2024\/12\/Screenshot-73-3-png.webp","type":"image\/png"}]},"_wpas_customize_per_network":false},"categories":[4],"tags":[],"class_list":["post-52731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=52731"}],"version-history":[{"count":1,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52731\/revisions"}],"predecessor-version":[{"id":52733,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52731\/revisions\/52733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/52732"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=52731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=52731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=52731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}