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Florida & Gulf Coast  + Central Florida  + Industrial  | 
Taurus Investment Holdings, LLC, has paid $157.8 million for an industrial portfolio of 12 buildings across FL, GA and TX.

Six Central FL Industrial Buildings Part of $158M Southeast Portfolio Sale

JLL has closed the $157.8 million sale of a five-property industrial portfolio consisting of six buildings in Orlando and North St. Petersburg, FL plus six buildings stretched across Atlanta, GA and Houston, TX. The portfolio totals 1.27 million square feet.

Dennis Mitchell, Trent Agnew and Louis Castillo of JLL represented the seller, St. Louis-MO based Summit Real Estate Group. Boston, MA-based Taurus Investment Holdings, LLC, acquired the portfolio.

The assets comprise Class A and B distribution centers and shallow bay properties. Occupancy across the portfolio is 98% leased to a variety of public and private companies, including Raytheon, Iron Mountain and DAP Americas.

“The JLL team saw strong demand for this core/core plus industrial offering due to the ability to acquire critical mass in infill locations across Atlanta, Houston and Central FL,” said Mitchell. “The portfolio had a unique profile due to its 2.7-year WALT on existing assets, allowing for a short-term mark-to-market opportunity with committed tenancy.”

The industrial portfolio consists of:

North St. Petersburg, FL

West Bay Corporate Center
9700 16th Street and 9843 18th Street

Metropointe Commerce Center
9400, 9501, and 9701 International Court

Orlando, FL

3470 Maggie Boulevard

East Point, GA

Creekside Distribution Center
2110 Lawrence Avenue

Peachtree Corners, GA

Peachtree Nortech
5824, 5834, 5875 and 5885 Peachtree Industrial Boulevard

Houston, TX

Corporate Center Fannin I
10001 Fannin St. Building I

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Inside The Story

JLL's Mitchell

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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