Taurus Investment Holdings, announced today the acquisition of the I-20 West Industrial Portfolio in Atlanta, Georgia. Currently 100% leased to seven tenants, the portfolio consists of five class-B buildings with a combined area of 581,750 square feet and a 4.6-acre trailer parking lot. The buildings are centrally located in the I-20 West/Fulton submarket of Atlanta.
This latest acquisition expands Taurus’ US industrial portfolio to over 17 million SF, and further embeds the firm’s substantial presence in the growing Atlanta market by providing high-quality industrial space to meet the region’s robust warehouse demand. Taurus now owns approximately five million square feet of industrial space across the Atlanta market, all of which is optimally located in top performing submarkets. The Atlanta industrial market is strategically located for tenants given its access to six interstate highways, the Hartsfield-Jackson Airport, and the Port of Savannah, elevating the region to the logistic center of the Southeast and one of the most significant industrial markets nationwide.
“As one of Taurus’ largest and most active verticals, we continue to have a strong conviction in the industrial sector throughout the US and remain focused on monitoring the market and trends to acquire additional strategic assets for our portfolio.” said Peter A. Merrigan, CEO of Taurus Investment Holdings. “Across the twelve industrial markets that Taurus currently owns properties in nationally, Atlanta achieved among the highest rent growth, and we see great potential for these properties to provide strong returns for our investors.”
“From an operational perspective, this acquisition has many synergies with our current portfolio. We have owned many of the adjacent assets for nearly 10 years and currently own over 30 buildings across over 2.5 million SF in the I-20 West submarket.” said Lathan Allen, Managing Director of Industrial at Taurus. “We continue to see tremendous rent growth and tenant demand for these assets – our current portfolio in I-20 West is 100% leased and the submarket overall is one of the top performers in Atlanta with only ~3% vacancy.”