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Equus' Bet on Industrial Spec in Burgeoning I-81 Submarket Pays Off

WINCHESTER, VA—Fiat Chrysler has signed a build-to-suit at Stonewall Industrial Park after watching interest in the area take off.

By Erika Morphy | erikamorphy | Updated on June 01, 2016

Equus' Stonewall Industrial Park Equus’ Stonewall Industrial Park

WINCHESTER, VA—Last year the Philadelphia-based Equus Capital Partners made the leap and decided to move forward with spec construction on a 330,000-square-foot industrial warehouse and distribution center in the Stonewall Industrial Park. At 330,000 square feet, it is one of the largest spec industrial projects ever built in the I-81 submarket — an enclave long overshadowed by the I-95 stretch of development, despite the fact that it too is about two hours away from the Washington DC area.

Equus’ bet has paid off: it in serious talks with two tenants to fully occupy the building, which will deliver this summer, Dan DiLella, Jr., vice president at Equus, tells GlobeSt.com. In addition, the company just signed a $34.5 million deal with FCA US (formerly known as Fiat Chrysler) for a build-to-suit, 400,400-square-foot lease on the same site.

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