Equus Capital Partners has entered into a Build-To-Suit lease agreement with Fiat Chrysler Automobiles (FCA) for a Class-A industrial warehouse and distribution facility in the Stonewall Industrial Park in Winchester, Virginia. The 400,400 sqf building is located along the Interstate 81 corridor in Frederick County, Virginia, approximately 75 miles west of Washington, D.C. FCA will use the facility as a parts distribution center. The project will feature 32’ clear height, energy efficient T5 interior lighting, 8” concrete floors, 50’ x 50’ column spacing, and an ESFR sprinkler system. Equus plans to complete construction by the end of November 2016.
“The I-81 region of Virginia is an excellent transportation corridor that provides access to major east coast markets such as Washington, D.C., Baltimore, and Philadelphia,” commented Dan DiLella, Jr., Senior Vice President at Equus. “This region is home to a number of mid and large-sized companies looking to distribute product up and down the East Coast and into the Midwest. Factors such as the availability of quality labor, relatively low taxes and centralized location along the east coast have led to the continued development of the I-81 corridor in Virginia.”
