Continuing its Last-Mile Industrial Strategy, Taurus...
Continuing its Last-Mile Industrial Strategy, Taurus Acquires Minneapolis Shallow Bay Portfolio
Distributed across six highly infill parks, the portfolio consists of 16 Class-B properties totaling more than 600,000 square feet
Press Release
IndustrialJan 28, 2025
Taurus Investment Holdings, LLC (“Taurus”), a global private equity real estate firm, today announced the acquisition of a Minneapolis shallow-bay industrial portfolio. The portfolio consists of 636,051 square feet and is currently 96% occupied by 71 tenants. With the addition of the Minneapolis Shallow Bay Portfolio, Taurus’ US portfolio encompasses 13.2M square feet of industrial product throughout the United States, including recent acquisitions in the Southwest and Northeast.
“This Minneapolis portfolio represents the latest acquisition that is part of Taurus’ last-mile industrial strategy,” said Peter A. Merrigan, CEO of Taurus. “Given the current market dynamics, particularly the significant supply-demand imbalance, we believe this portfolio presents an exceptional opportunity for value creation. Across the past five years, Taurus has transacted on over 25,000,000 SF of logistics/distribution space in the US market and I am confident that our team will unlock significant potential and deliver strong returns for our investors.”
Managing Director of Taurus’ Industrial Platform, Lathan Allen added: “Shallow bay continues to outperform the broader industrial market, both nationally and in Minneapolis/St. Paul, and has minimal supply side pressure. Of the 2.3M SF of industrial currently under development in Minneapolis, just 250k SF of speculative space remains available for lease, making this portfolio ideal for continued E-commerce growth and supply chain transformation in the region.
Taurus has consistently demonstrated a strategic focus on acquiring last-mile industrial opportunities within established markets, building on decades of experience in this sector. With it’s shallow bay industrial strategy, Taurus prioritizes properties defined as those with 100,000 SF or less that are typically demised to accommodate multiple tenants. With an average building size of ~40,000 SF, the Minneapolis Portfolio has maintained an average occupancy of +98%, further reinforcing the stable demand for shallow bay properties.
Recent News
Press ReleaseOct 24, 2024
Taurus secures new strategic partner as Legal & General takes equity stake and commits up to $200m to high growth real estate sectors in the US
Taurus RE Capital Ltd is an appointed representative of Sapia Partners LLP which is authorised and regulated by the Financial Conduct Authority.
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.