Located across three major distribution hubs in the Midwest, portfolio addresses growing e-commerce and infill industrial demand
Taurus Investment Holdings, LLC, is pleased to announce today the acquisition of a Midwest Industrial Portfolio, consisting of 18-buildings, totaling 1,557,670 square feet across Chicago, Cincinnati, and Indianapolis.
The portfolio, which is currently 94% leased to 40 national, regional and local tenants, is comprised of high-quality, institutionally owned assets across three major distribution hubs in the Midwest, each benefiting from a robust interstate network and highly trafficked air-cargo hubs. The properties are located within top performing infill submarkets and less than 1 mile from a major transportation artery on average.
“This transaction provides an attractive opportunity to further enhance Taurus’ US Industrial platform. Exceptionally strong growth dynamics across the entire US have resulted in an increase in industrial demand,” said Peter A. Merrigan, CEO of Taurus Investment Holdings. “This latest acquisition exemplifies our continued focus of adding strategically located industrial assets to our robust portfolio.”
Taurus has acquired and developed over 27 million square feet of logistics/distribution space in the US market over the past five years. Taurus currently owns over 15 million square feet of industrial product that is over 96% leased to 700+ tenants.
“We are excited about our entry into Cincinnati and Indianapolis. Both markets are well-located transportation hubs, among the top 20 largest industrial markets nationwide, and experiencing tremendous growth” says Lathan Allen, Managing Director at Taurus. “We remain focused on monitoring the market and trends to acquire additional strategic assets for our portfolio.”