Equus Seals a $38.2M Deal: Virginia Inland Port Logistics Center Finds a New Owner

Affiliate of Silverman Group Acquires Prime Industrial Property in Front Royal.

In what can be seen as a significant move in the realm of real estate development and investment, Equus Capital Partners, Ltd. (“Equus”), a national heavyweight, declared the culmination of the development and subsequent sale of the Virginia Inland Port Logistics Center. This grand warehouse/distribution asset, stretching across 339,450 square feet and located conveniently along Route 522, has been acquired by SL Industrial Partners, an affiliate of Silverman Group, for a whopping $38.2 million.

At the moment of sealing the deal, the facility was fully occupied, with Iron Mountain Incorporated, a paramount figure in data storage and information management, holding a 10-year lease since May 2022. This strategic location, in close vicinity to the Virginia Inland Port—linked directly by rail to The Port of Virginia in Hampton Roads/Norfolk, VA—and the Northern Virginia/Washington D.C. /Baltimore metro region played a pivotal role in Iron Mountain’s commitment to a long-term lease.

Brimming with state-of-the-art amenities, the building parades a modern rear load design equipped with advanced throughput features. The design has the flexibility to accommodate dual tenants. Among the many features, it stands tall with 32’ clear height, 34 loading dock doors armed with up-to-the-minute facilities, and the potential for expansion to 55 dock door locations. Energy efficiency hasn’t been compromised either, with features like LED high bay lighting with motion sensors and a heat-load-reducing roof.

Dan DiLella Jr., Senior Vice President of Equus Capital Partners, commented on this successful venture, “The disposition of the Virginia Inland Port Logistics Facility embodies the successful stride of the Equus industrial development program.” He further acknowledged the contributions of Colliers International and Jones Lang LaSalle in the leasing process and expressed gratitude towards the Warren County Planning Department for their unwavering support, deeming the project an economic triumph for the region.

The acquisition of the Virginia Inland Port Logistics Center by SL Industrial Partners is a testament to the evolving real estate landscape and the strategic importance of such developments in bolstering the economy. As businesses grow and the demand for advanced infrastructure rises, such deals are set to pave the way for future investments in the industry.

About Equus Capital Partners, Ltd. Hailing as one of the eminent real estate developers and investment managers in the country, Equus Capital Partners boasts an eclectic portfolio of office, multi-family, and industrial properties scattered across the U.S. Headquartered in Philadelphia, the firm has an expansive reach with regional offices in several states. Further details can be found on their official website www.equuspartners.com.