WINCHESTER, VA-An affiliate of Cole Real Estate Investments has acquired a 450,000-square foot distribution center here for $27.7 million. The deal is among many recent ones for Cole, which has been steadily acquiring net-lease properties around the country at a dizzying pace.

Private equity fund Equus Capital Partners sold the fully-leased property, called The Winchester 81 Logistics Center. McKesson Corp. is the tenant in the build-to-suit property. There was a lot of investor interest in the property due to the current market conditions and the caliber of the tenant, says Christopher J. Locatell, senior vice president at Equus, in a prepared statement.

Equus was represented by CBRE's Michael Hines and Brian Fiumara.

Equus' development unit, BPG Development Co. oversaw the construction of the center, which delivered in September 2013. The tilt-up building is air-conditioned and has a clear height of 32', 52 loading docks, 2 drive in doors, an ESFR sprinkler system and a host of other modern features. The building is also approved and designed for expansion to a total of 750,000 square feet.

Cole Corporate Income Trust recently acquired five single-tenant corporate properties in San Jose, Colorado Springs, St. Louis and Houston for a combined purchase price of approximately $202.1 million.