Equus Capital Partners Completes $102M Industrial Real Estate Acquisition of 648,060 SF Charlotte Portfolio
Equus Capital Partners, Ltd. has completed the real estate acquisition of Greylyn Business Park, a 19-building industrial real estate portfolio totaling 648,060 square feet in Charlotte, North Carolina, for $102 million, the firm announced March 26, 2026. The transaction was executed through an affiliate on behalf of an Equus-sponsored value-add fund.
Industrial Real Estate Acquisition: Portfolio Overview
Greylyn Business Park comprises a mix of mid-bay and small-bay industrial buildings constructed between 1965 and 1998, situated along the Monroe Road corridor in Charlotte's Southeast Industrial submarket with direct access to US-74 (Independence Boulevard). At the time of closing, the portfolio was 93% leased to 91 tenants, with an average suite size of approximately 6,550 square feet. The buildings feature clear heights ranging from 14 to 24 feet, a combination of dock-high and ground-level loading, 15 ramps, and more than 1,500 surface parking spaces — physical characteristics that support a diverse tenant base spanning light industrial, service, and last-mile distribution users.
At $102 million, the transaction equates to approximately $157 per square foot. No cap rate or loan details were disclosed in connection with the deal.
Equus Capital Partners' Value-Add Strategy
Equus Capital Partners plans to execute a targeted value-add strategy at Greylyn that includes capital improvements to address deferred maintenance, suite make-ready work, modernization of building systems, and enhancements to curb appeal and functionality. The firm also intends to pursue strategic leasing initiatives to reposition select suites in alignment with current market preferences.
Tim Feron, Senior Vice President of Acquisitions at Equus Capital Partners, described the portfolio's infill location as a key differentiator. "Greylyn represents a truly differentiated small-bay industrial portfolio due to its highly infill location, where it is increasingly difficult to replicate comparable product in today's market," Feron said. "With a broad range of suite sizes, the property can accommodate everything from local service providers to larger, national users, creating durable demand across economic cycles. That flexibility, combined with its proximity to the customer base it serves, positions the portfolio as a long-term, institutional-quality asset."
The acquisition was overseen by Feron alongside Laura Brestelli, Senior Vice President of Capital Markets, and Tucker Scaringe, Associate.
Charlotte's Southeast Industrial Submarket: Location and Connectivity
Greylyn Business Park's infill location along the Monroe Road corridor provides direct access to US-74 (Independence Boulevard) and strong connectivity to the region's primary logistics corridors, including I-85, I-77, and I-40. According to Equus, the location positions the portfolio to benefit from continued population and economic growth across the Southeast — a factor the firm cited as central to its investment thesis.