Equus Acquires Wayne, PA, Office Park

WAYNE, PA—A fund managed by Equus Capital Partners has acquired Bay Colony Executive Park, a 247,294 square-foot four-building office park in Wayne, PA, from Brandywine Realty Trust. Terms were not disclosed.

“With the acquisition of Bay Colony, we will benefit from the transformation that is happening in the immediate area. This quadrant of King of Prussia/Wayne will soon be regarded as one of the true live/work/play environments in the Greater Philadelphia area,” says George Haines, vice president of Equus, who along with Joe Felici, directed the acquisition. “We recognize the real demand for modernized office space in amenity-rich locations. After a significant capital investment in building and campus upgrades, we believe that Bay Colony will be highly coveted by tenants in our marketplace.”