PHILADELPHIA, PA—Locally-based private equity real estate fund management firm Equus Capital Partners, Ltd. reports its operating affiliates executed 773,746 square feet of new and renewal leases in the second quarter of 2014.

More than 45,000 square feet in retail lease transactions were inked at the Shopping Centers at East Gate complex in Mount Laurel, NJ. The firm reports that retailer HH Gregg signed a 25,263-square-foot lease at the East Gate Shopping Center. HH Gregg was represented by Jeff McElhinny of Atlanta Retail and the property owner was represented by Mike Gorman of Metro Commercial.

Also at the East Gate complex, Old Navy renewed its lease for 20,000 square feet at East Gate Shopping Center. Mike Gorman of Metro Commercial represented the landlord.

Equus Capital also reports that Allstate signed a lease renewal for 58,422 square feet at One Meridian Drive in Reading, PA. The landlord was represented by John Buccinno of NAI Keystone and the tenant was represented by Mike Bronstein and John Morris of CBRE.

Notable deals outside the Pennsylvania/New Jersey region included a lease for 121,835 square feet at Beltline Center in Raleigh, NC with an undisclosed tenant. Charles L. Smith, III of Smith Commercial Realty represented the tenant in the transaction.

Xerox State Healthcare and Casa Esperanza signed respective lease renewals of 45,522 square feet and 25,389 square feet at Sumner Business Park in Raleigh, NC. Xerox was represented by Tom Flynn of Jones Lang LaSalle. William M. Sandridge of Jones Lang LaSalle represented Casa Esperanza in the lease deal.

Instant Insights /

Equus Capital Leases About 774,000 SF in Second Quarter

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