Iron Mountain Distribution Center

In October 2026, Box Equities, in partnership with PIMCO, acquired 2555 Penny Road, a 400,000 square-foot industrial facility in Claremont, North Carolina. The property is 100% leased to CertainTeed, a leading North American manufacturer of building materials and a subsidiary of Saint-Gobain. The facility serves as an important component of CertainTeed’s manufacturing and distribution network and is strategically located within the greater Charlotte industrial market.

In July 2026, Box Equities in partnership with PIMCO, acquired this 58,000 SF property as part of a four-building Midwest mission-critical portfolio fully leased to Nucor (NYSE: NUE), the largest steel producer and steel recycler in North America. The building sits on 12 acres in Mooresville, Indiana and operates as a rebar fabrication and installation facility.

In July 2026, Box Equities in partnership with PIMCO, acquired this 55,000 SF property as part of a four-building Midwest mission-critical portfolio fully leased Nucor (NYSE: NUE), the largest steel producer and steel recycler in North America. The building sits on 10 acres in Lansing, Michigan and operates as a rebar fabrication and installation facility.

In July 2026, Box Equities in partnership with PIMCO, acquired this 49,000 SF property as part of a four-building Midwest mission-critical portfolio fully leased to Nucor (NYSE: NUE), the largest steel producer and steel recycler in North America. The building sits on 9 acres in Newton, Iowa and operates as a rebar fabrication and installation facility.

In July 2026, Box Equities in partnership with PIMCO, acquired this 132,000 SF property as part of a four-building Midwest mission-critical portfolio fully leased to Nucor (NYSE: NUE), the largest steel producer and steel recycler in North America. The building sits on 28 acres in Bourbonnais, Illinois, and is used to manufacture large steel-bar products as well as rebar.

In July 2026, Box Equities acquired this 267,000-square-foot fully temperature-controlled distribution facility in Grinnell, Iowa, strategically located within the greater Des Moines industrial market. The property is 100% leased to Bayer CropScience, the largest division of Bayer AG, a global investment-grade life sciences company. The facility serves as a mission-critical component of Bayer’s North American agricultural supply chain, operating in conjunction with one of the country’s largest corn seed processing plants located approximately ten minutes from the property.

In July 2026, Box Equities acquired an 83,000 SF auto parts manufacturing facility in Laurinburg, North Carolina, 100% leased to Sonnax, a subsidiary of Marmon Holdings; a Berkshire Hathaway company. This facility serves as a key manufacturing hub for its drivetrain and transmission business.

In June 2026, Box Equities acquired a 100,000 SF Class A medical device manufacturing facility in Plymouth, Minnesota, 100% leased to TE Connectivity (NYSE: TEL), an investment-grade, S&P 500 multinational technology company specializing in connectivity and sensor solutions for the medical, automotive, aerospace, defense, and energy sectors. Located in the northwestern Minneapolis submarket—a nationally recognized medical technology hub—the property serves as TE Connectivity’s only catheter manufacturing facility in the United States, underscoring its mission-critical importance to the company’s operations.

In May 2026, Box Equities and its partner, Rockwood Capital, acquired a 60,000-SF, multi-tenant, cross-docked Class A distribution facility in Orlando’s Ocoee submarket. This further advances Box’s broader Central Florida aggregation strategy focused on acquiring infill industrial assets in one of the nation’s strongest logistics markets.

In March 2026, Box Equities and its partner, Rockwood Capital, acquired a 64,000-square-foot distribution facility in Atlanta, Georgia, fully leased to Iron Mountain. The property is located in Fulton, one of Atlanta’s largest and most established distribution submarkets, and was acquired as part of a larger four-asset Iron Mountain portfolio acquisition.

In March 2026, Box Equities and its partner Rockwood Capital, acquired a 50,000-square-foot distribution facility in Smyrna, Georgia, fully leased to Iron Mountain. Strategically located within three miles of Box Equities’ existing Airgas asset, the acquisition enhances local scale in a core Atlanta submarket and was completed as part of a four-property Iron Mountain portfolio transaction.

In March 2026, Box Equities and its partner Rockwood Capital, acquired a 70,000-square-foot distribution facility in Broward County, Florida, fully leased to Iron Mountain. Situated in the Miramar submarket with direct access to the Florida Turnpike, the asset benefits from strong regional connectivity and was acquired as part of a four-property Iron Mountain portfolio transaction.

In March 2026, Box Equities acquired an 11,000-square-foot distribution facility in Jacksonville, Florida which was occupied by Iron Mountain. The property was acquired as part of a larger four-asset Iron Mountain portfolio acquisition.

In December 2025, Box Equities acquired a 60,000 SF distribution facility located in Maumelle, AR leased to 3 tenants. Toyota, REM Plastics, and Greentech Renewables. Raymond Corporation, a subsidiary of Toyota is operating out of the largest space recently vacated by Amazon. REM Plastics is a manufacturer of plastic components for their end users. Lastly, Greentech Renewables installs solar panels throughout the state. The property is strategically located right off of i40, a major east/west highway.

In February 2026, Box Equities, in partnership with PIMCO, acquired a 637,000 SF build-to-suit Class A distribution facility in Dayton, Ohio, fully leased to investment grade multi-national, Legrand Holdings. The property is strategically located within a seven-minute drive of Dayton International Airport and offers immediate access to both I-70 and I-75, providing exceptional regional and national connectivity.

Legrand is a global leader in electrical and digital building infrastructure, with operations in nearly 90 countries. The facility serves as a key distribution hub for audio and visual equipment, benefiting from its proximity to Legrand-owned subsidiary Lastar’s operations in Moraine, Ohio.

In December 2025, Box Equities acquired a 100,000 SF distribution facility located in Maumelle, AR fully leased to USPS and Scholastic. USPS occupies the majority of the building as this location exclusively handles all of the packages within Little Rock as well as out of state mail. Scholastic occupies the remaining 33% of the building which they use for warehousing and distribution of book fair product. The property is strategically located right off of i40, a major east/west highway.

In November 2025, Box Equities and its partner, PIMCO, acquired this 354,000 SF Class A manufacturing facility fully leased to Mack Trucks in Roanoke, VA. Mack Trucks, a subsidiary of A-rated Volvo Group, has always been an iconic Made-in-America brand, making its Roanoke Valley Operations home to the production of all Mack medium-duty trucks. The site benefits from additional expansion capacity that can accommodate future growth.

In September 2025, Box Equities and its partner, PIMCO, acquired this 121,000 SF Class A industrial & R&D build-to-suit facility fully leased to Altas Copco. Built in 2014, the property is one of only six global innovation centers that houses sophisticated operations including material testing, prototype production and final assembly of the company’s fastening business. The asset is located in Oakland Technology Park, Detroit’s premier industrial/flex submarket strategically proximate to major auto and Fortune 500 companies including Stellantis headquarters.

In August 2025, Box Equities expanded its Port of Virginia portfolio with the acquisition of a 27-foot clear, 114,000 SF manufacturing building in Newport News, Virginia. During due diligence, Box procured Huntington Ingalls Industries as the tenant for the entire building. Box plans to significantly upgrade the property with a newly paved parking lot, nearly 3 acres of outdoor storage, new LED lighting throughout the interior space, refreshed office space, and the addition of a rear drive-in door.

In September 2025, Box Equities acquired a 150,000 SF distribution facility located in Rockford, IL fully leased to GXO Logistics. The property is strategically located half a mile away from I-90 and less than 3 miles from the Chicago Rockford International Airport (12^th largest cargo airport in the country).  GXO has been a tenant at this building for over 29 years and services many customers out of this location. The property includes a separate specialized facility dedicated to flammable material storage with foam fire suppression.

Box Equities and its partner, Rockwood Capital, acquired this 70,000 SF purpose-built manufacturing building in Raleigh, NC. During due diligence, Box was able to negotiate a lease extension with the current tenant PCX, a wholly owned subsidiary of investment grade credit, Hubbell Incorporated. Nearly 100 Hubbell employees work at the subject building manufacturing prefabricated data center equipment. The property is located one block away from Novo Nordisk’s 1.4 million square foot GLP-1 manufacturing plant.

In September 2025, Box Equities acquired a 93,000 SF distribution facility located in Rockford, IL fully leased to Pierce Packaging. Pierce has been a tenant at the property for 12 years and recently exercised its fourth renewal at the subject location. This property is located proximate to corporate headquarters and represents its most important distribution facility servicing numerous customers out of this location.

Box Equities and its partner, Rockwood Capital, acquired this 125,000 SF Class A distribution facility in Newport News, expanding its Port of Virginia portfolio. This 26-foot clear property sits on 21 acres and was originally purpose built for Canon, one of the largest employers in the region. As part of the acquisition, the current tenant, Mercana Furniture, entered into a new lease demonstrating its long-term commitment to this essential East Coast port market.

In August 2025, Box Equities acquired this 135,000 SF flex industrial building in the heart of Salt Lake City, UT.  This former Netflix and United Airlines facility now houses 3 tenants: The Department of Defense, The State of Utah Division of Facilities Construction and Management, and Manhattan Telecommunications Corporation. This 11-acre property sits adjacent to SLC International Airport and is accessible directly from I-80.

In April 2025, Box Equities acquired this Hickory, NC 118,000 SF fiber cable manufacturing and distribution facility fully leased to Avient Corporation (NYSE: AVNT). The property is located within a submarket that supplies over 40% of the entire country’s fiberoptic cables with key customers located within a 20-mile radius of the building.

In March 2025, Box Equities and its partner, PIMCO, acquired this 95,000 SF, mission critical manufacturing facility fully leased to investment grade company, Illinois Tool Works (NYSE: ITW). The asset is located in Missouri Research Park, the first business park in St. Louis that consists of several creditworthy tenants including Nike, Bing, and Eurofins. This acquisition is part of a broader investment-grade core-plus aggregation strategy that Box is executing with PIMCO.

In January 2025, Box Equities acquired this Frankfort, KY, 150,000 SF purpose-built manufacturing facility fully leased to AA- Japanese manufacturing company, Nitto Denko. Nitto is a member of the Mitsubishi UFJ Financial Group and one of the 70 largest companies on the Tokyo Exchange. The company chose Frankfort because it is strategically located within a 5-hour drive of its key customers.

In December 2024, Box Equities and its partner, Rockwood Capital, acquired this Charlotte, NC 60,000 SF manufacturing facility fully leased to ARC International. The property is located in Stateline, Charlotte’s largest and tightest industrial market.

In September 2024, Box Equities and its partner, Rockwood Capital, acquired this Port of Virginia, 28-foot-clear, 122,000 SF facility 2/3 leased to International Paper (NYSE: IP) and 1/3 leased to local 3PL, AMP Logistics. The property’s 28-foot clear height is exceptionally high as over 97% of the inner beltway product has lower clear heights than the subject asset.  In April 2025, Box was able to re-lease the AMP Logistics space to adjacent tenant US Port Services.

In September 2024, Box Equities and its partner Rockwood Capital acquired this Port of Virginia, 28-foot clear, 80,000 SF facility fully leased to US Port Services. The subject asset was acquired in conjunction with the adjacent International-Paper leased property. In April 2025, US Port Services decided to consolidate its Port of Virginia operations into the subject location, agreeing to lease an additional 40,000 SF in the adjacent Box-owned property. This acquisition is part of a broader Port of Virginia portfolio aggregation strategy.

In October 2024, Box Equities acquired this Knoxville, TN 200,000 SF asset fully leased to three tenants. The purpose-built manufacturing facility is majority leased to Fulton Bellows (a wholly-owned subsidiary of investment grade company, Smiths Group). The acquisition was sourced directly from the current owner using Box’s proprietary acquisition software. With 91 million SF and less than 2 million SF vacant, Knoxville is one of the tightest industrial markets in the country.

In September 2024, Box Equities and its partner, Rockwood Capital, acquired this 94,000 SF, 29-foot clear, manufacturing facility fully leased to Airgas USA (a wholly owned subsidiary of S&P A-rated Air Liquide). The property is located inside the I-285 loop in Smyrna, GA, an infill Atlanta submarket with very limited developable land.

In August 2024, Box Equities acquired this Cleveland, OH, 36-foot clear, 78,000 SF warehouse fully leased to Spectrum, a subsidiary of investment-grade rated Charter Communications (NASDAQ: CHTR). Spectrum has been at this location for over a decade and continues to invest in the asset. The company uses the facility to store broadband, fiber optic, cable equipment, service vehicles, and supplies for its Cleveland operations.

In August 2024, Box Equities acquired this Lexington, KY 28-foot clear, 80,000 SF fully HVAC’d warehouse leased to Buske Logistics, a leading 3PL primarily servicing the bourbon industry including the immediately adjacent Jim Beam distillery. The property is used for repackaging, storage, and distribution of liquor, soda bottles, pharmaceutical coolers, and raw materials.

In February 2024, Box Equities acquired this Athens, GA 275,000 SF manufacturing facility fully leased to Carrier Corporation (NYSE: CARR). The fully HVAC’d building operates as Transicold’s headquarters as well as the only Transicold manufacturing facility in the US. Carrier has occupied the building since 1987, employing hundreds of manufacturing and corporate personnel. In January 2025, Carrier renewed its lease enabling Box Equities to execute a cash out refinancing of the asset within 12 months of the acquisition.

In August 2023, Box Equities acquired this Lumberton, NC 350,000-SF facility fully leased  to C&S Wholesale Grocers. The tenant has the exclusive right to distribute all Amazon groceries across the SE of which 40% of the Amazon distribution comes from this facility. The Property is strategically located in the central East Coast region where 70% of US and Canadian markets can be reached overnight. The tri-temperature systems create a very attractive facility that will appeal to a wide range of cold storage tenants.

In May 2023, Box Equities acquired this Little Rock, AR 300,000 SF cold storage facility 100% leased to Performance Food Group (NYSE: PFGC). The 100% cold storage facility features both below-zero freezer space and 35-degree temperature refrigeration space. The tenant has been at the facility since 2004, expanding four times over the last 19 years and investing over $9 million to upgrade and maintain its cold storage systems. The property is PFGC’s only facility in Arkansas (1 of 64 across the country) and distributes to customers in 6 different states from this location.

In June 2022, Box Equities acquired this Howe, IN 350,000-SF facility fully leased to Therma-Tru, a subsidiary of Fortune Brands Innovations, Inc. (NYSE: FBIN). Founded in 1962, Therma-Tru is the leading entry door brand that pioneered the fiberglass entry door industry. This purpose-built facility is located off of I-90 and less than one hour away from Therma-Tru’s main manufacturing plant in Butler, Indiana.

In June 2022, Box Equities acquired this Jonesboro, AR 195,000-SF facility fully leased to Duravant. The facility sits on 25 acres and serves as the operational headquarters of Duravant subsidiary, FMH Conveyors (one of several conveyor belt companies owned by Duravant). Sales, distribution and the executive office all sit within this facility. The tenant builds custom conveyor systems for large corporations like Amazon, Home Depot, Walmart and USPS. Box sourced this transaction from the same broker as the Box-owned Owens & Minor transaction in an off-market direct communication with the Seller, New Mountain Capital.

In April 2022, Box Equities acquired this Ocala, FL 100,000-SF cross-docked facility fully leased to Pratt Industries. Pratt, the 5th largest corrugated packaging company in the country, has been a tenant in the building since 2000. The facility is located in close proximity to Pratt’s corrugated sheet manufacturing plant and represents one of only sixteen recycling facilities across the country.

In February 2022, Box Equities acquired this Toano, VA 176,000-SF facility fully leased to Owens & Minor (NYSE: OMI). Since closing, the tenant has invested significant capital into new clean rooms for surgical equipment. Strategically located on the I-64 corridor with direct access to the Port of Virginia, this property serves as the headquarters for the Avid Medical division as well as its primary manufacturing and distribution hub. The Toano facility is only a 30-minute drive from O&M’s corporate headquarters in Mechanicsville, VA.

In December 2021, Box Equities acquired this Southfield, MI 43,000-SF facility 100% leased to FedEx (NYSE: FDX). FedEx has operated at the subject location since 1991 and extended the lease term to July 2030 prior to the sale of this asset. Unlike most FedEx leases, this property benefits from below market rent.

In December 2021, Box Equities acquired this Bloomington, IL 200,000 SF, 36’ clear facility fully leased to Rivian (NYSE: RIVN). The building was originally a just-in-time automotive facility operated by Mitsubishi and currently operates as a just-in-time logistics facility for Rivian’s only operational manufacturing plant located across the street. Prior to the acquisition, Rivian invested significant capital in our facility to create its security operations headquarters for its entire Normal, IL campus, demonstrating its long-term commitment to the asset.

In November 2021, Box Equities and its partner, Artemis, acquired this Kings Mountain, NC 530,000-SF facility 100% leased to HanesBrands (NYSE: HBI). This fully HVAC’d property with direct access to the I-85 was originally built in 1995 (build-to-suit for Hanes intimates) and went through a series of expansions in 2004 and 2016. Box was able to acquire the asset below replacement cost, because the property was encumbered by fixed rate CMBS debt that deterred institutional investors. Box leveraged its relationship with Hanesbrands to speak with the Global Head of Real Estate and confirm the company’s strategic interest in this B2B and D2C location.

In December 2020, Box Equities acquired this Mexico, MO 900,000-SF facility. The property is currently 2/3 leased to Next Era Energy (NYSE: NEE) and 1/3 leased to Western Smokehouse, a private-label protein manufacturer. The Western Smokehouse lease was signed post-acquisition and was an integral part of the Box value-add strategy, extending the property’s WALT to 9 years and converting a portion of the property to cold storage use.

In November 2021, Box Equities acquired a vacant 75,000-SF facility in Dublin, GA. Within 6 months Box procured Ascenso Tires to lease the entire building. This 2017 Class A industrial asset features 32-foot clear heights and is strategically located directly off of I-16 between Savannah and Atlanta. This was a repeat investment within Dublin, GA after Box established itself as a credible industrial owner within this submarket.

In June 2021, Box Equities acquired this Dayton, OH 150,000-SF facility fully leased  to PepsiCo (NYSE: PEP). This 2018 purpose-built 32-foot clear warehouse was a consolidation of two smaller facilities and represents only 1 of 10 modernized B2B US distribution centers (Pepsi has been in this market for over 80 years). Box was able to leverage its pre-existing relationship with senior leadership at Pepsi to validate the mission criticality of this asset.

In April 2021, Box Equities acquired this Dublin, GA 200,000-SF facility from the City of Dublin in a very rapid all-cash closing. Box cultivated a relationship with the local Economic Development Authority and demonstrated its ability to efficiently execute a public private partnership. After investing significant capital to upgrade the facility, Box leveraged its relationship with Best Buy (NYSE: BBY) to procure the company as a tenant. More recently, Box re-leased the building to a solar panel manufacturing company which created many new jobs for the city.

In August 2023, Box Equities acquired this Spartanburg, SC 100,000 SF facility fully leased to M@C Discount, a fast-growing online discount auctioneer. Box was selectively approached by a local broker after a previous buyer failed to close. The property benefits from zero turn highway access onto the i-85, which is highly appealing to a multitude of tenants.

In September 2023, Box Equities acquired this vacant 375,000 SF manufacturing facility in Clarksville, AR previously owned by HanesBrands for the company’s hosiery division. Box Equities leveraged its relationship with HanesBrands to acquire this property off-market at below replacement cost. In April 2025, Box sold the asset to a user for a significant premium to its original cost basis.

In October 2018, Box principals acquired this vacant 400,000-SF facility in Mexico, MO that was formerly Brookstone’s main distribution center. Within 24 months, Box sold the asset to True Manufacturing. To optimize its supply chain, True acquired the asset as a distribution facility for its adjacent manufacturing plant.

Box principals acquired this vacant 163,000 SF manufacturing facility in Wytheville, VA previously leased to Global Brands Group (a subsidiary of Li & Fung). Box Equities leveraged its relationships within the Town of Wytheville to procure a local 3PL company that ultimately acquired the asset in May 2024.