M id A tlantic Real Estate Journal — October 2023 — 17A
www.marej.com
Beard, Cashman and Hines of CBRE represent seller in the transaction EQUUS announces the $38.2M sale of newly developed industrial building in Front Royal, VA F management system designed to eliminate runoff of pollut- ants from paved areas.
features and is designed to accommodate two tenants. The building also features 32’ clear height, 51’ x 52’ structural steel column spac- ing with a 60’ speed bay, 34 loading dock doors with fully operational levelers, bum- pers, seals, z-guards and LED swing arm lights. There are 21 knock-out panels which provides the ability to expand to 55 dock door locations. The building also possesses an ESFR Sprinkler System, 103 car parking spaces and 63 trailer parking spaces away from the loading docks. Energy efficient features that were incorporated into this development include a 60 Mil heat load reducing white TPO membrane roof, LED high bay lighting with motion sensors, clerestory windows, the use of native landscape to minimize the need for ir- rigation and a stormwater
RONT ROYAL, VA — Equus Capital Part- ners, Ltd. (Equus) , one of the nation’s leading real estate developers and invest- ment managers, announced that an affiliate completed the development and sale of the Virginia Inland Port Lo- gistics Center, a 339,450 s/f class A warehouse/distribu- tion facility along Route 522 in Front Royal, VA, to SL Industrial Partners , an af- filiate of Silverman Group , for $38.2 million. The property was 100% leased at the time of sale to an affiliate of Iron Mountain Incorporated, an in- dustry leader in data storage and information management services, which in May 2022, signed a 10-year lease for the speculatively built facility. Jonathan Beard, Bo Cashman, and Michael Hines of CBRE represented Equus in the transaction.
“The disposition of the Vir- ginia Inland Port Logistics Facility represents the suc- cessful execution of the Equus industrial development pro- gram,” said Dan DiLella Jr. , senior vice president of Equus Capital Partners, who along with Christopher Locatell , senior vice president, John Knott , vice president, and Keith Hontz , vice president, oversaw the transaction for the firm. “We are grateful to Colliers International and Jones Lang LaSalle , who were involved with the leasing of the project. Ad- ditionally, we appreciate the hard work and support that we received from the Warren County Planning Depart- ment. This development proj- ect is an economic win for the region.” MAREJ
Virginia Inland Port Logistics Center
The property is within ½ mile of the Virginia Inland Port, which provides direct rail con- nections to The Port of Virginia in Hampton Roads/Norfolk, VA. The property’s proxim- ity to the Northern Virginia/
Washington D.C. / Baltimore metro region was a key factor in the tenant’s decision to execute a long-term lease. The building boasts a high- ly functional rear load de- sign with high throughput
Prince George’s County selects Delta + LEO A DALY for Men’s Transition Center Design with community and supportive housing expertise
PRINCE GEORGE’S COUNTY, MD — The partner- ship of Delta + LEO A DALY is well-prepared to assist the Prince George’s County (PGC) government to proceed with the planning and design of the new Men’s Transition Center. Chosen for recent and relevant experience together, the diverse design team has award-winning supportive housing projects in their port- folios. What is most compelling is the team’s commitment to a collaborative design process that engages the community. “The successful consensus building LEO A DALY facili - tated for the design of three similar projects in Washing- ton D.C. are powerful testa- ments of who they are and how they can elevate the process and the outcomes for this important project,” said Jonathan Butler Director Office of Central Services, PGC. “We are confident this is the right team with the right process to lead the County and
Team meeting to prepare for concept design approach.
Process graphic showing collaborative design approach that includes community input.
our citizens to uncover the right design solution.” The County has planned the new facility to provide transi- tional shelter and workforce training for the residents. It will replace the existing temporary transitional hous- ing at 603 Addison Road in Capitol Heights, Maryland. The site will be redeveloped for the expansion project to
provide beds for up to 56 men as well as wrap-around sup- port services and space for community partners. “Our team is passionate about this type of work and our design process is powerful,” chimed LEO A DALY’s prin - cipal-in-charge, Rauzia Ally . “Our firm’s mission focuses on transforming the human ex- perience through design. This
shapes our approach and genu- inely considers owner’s, occu- pants’, visitors’ and neighbors’ needs as we work together to develop a solution that serves and enhances lives in Prince George’s County.” The Aya and La Casa reveal LEO A DALY’s design suc - cess with supportive hous- ing. “Aesthetics that inspire
life with dignity for the un- housed, address wellness and quality of care, and add value to the neighborhood is our aim,” said global design prin- cipal, Irena Savakova . “We are honored to partner with Prince George’s County, and we will use our experience to guide and our passion to serve our neighbors.” MAREJ
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