NEW YORK CITY — Investment and development company Equilibrium Equities has acquired a 270,000-square-foot distribution center at 340 Upper Oakwood Ave. in Elmira Heights for an undisclosed price. The multi-tenant property was constructed in 1962 as a grocery distribution warehouse and includes 45 tailgate loading doors and ceiling clear heights of up to 28 feet. Equilibrium acquired the property from a former owner of Horwitz Paper, which was a large wholesale distributor of paper products and janitorial supplies that acquired the building in 2001. The facility will be rebranded by Equilibrium as the Victory Business Center. Michael Manzari of Cushman & Wakefield represented the seller in the transaction. At the time of sale, the property was 70 percent leased.