Friday, July 25, 2014

Equus Capital Leases About 774,000 SF in Second Quarter

by John Jordan
Locally-based private equity real estate fund management firm Equus Capital Partners, Ltd. reports its operating affiliates executed 773,746 square feet of new and renewal leases in the second quarter of 2014.
More than 45,000 square feet in retail lease transactions were inked at the Shopping Centers at East Gate complex in Mount Laurel, NJ. The firm reports that retailer HH Gregg signed a 25,263-square-foot lease at the East Gate Shopping Center. 
Also at the East Gate complex, Old Navy renewed its lease for 20,000 square feet at East Gate Shopping Center. 
Equus Capital also reports that Allstate signed a lease renewal for 58,422 square feet at One Meridian Drive in Reading, PA. 
Notable deals outside the Pennsylvania/New Jersey region included a lease for 121,835 square feet at Beltline Center in Raleigh, NC with an undisclosed tenant. 
Xerox State Healthcare and Casa Esperanza signed respective lease renewals of 45,522 square feet and 25,389 square feet at Sumner Business Park in Raleigh, NC. 

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