Boston, MA-based Taurus Investment Holdings, LLC, has completed the $423.5 million recapitalization of a 58-building industrial portfolio totaling 3,962,339 square feet across markets including Atlanta, Chicago, Dallas, Houston, New Jersey and Philadelphia. The portfolio is 95% occupied by 109 tenants.

“The industrial sector continues to prove its resiliency and now is the time to seek long-term capital for these highly opportunistic acquisitions which were made in 2020,” said Peter Merrigan, CEO of Taurus Investment Holdings. “We’ll continue to make concentrated investments in core markets to create value for investors and to support the surging e-commerce demand across the country.”

Since 2014, Taurus has been acquiring Class B infill industrial assets with a particular emphasis on buying properties within major industrial markets, below replacement cost and with close proximity to major transportation arteries. Taurus’ US industrial portfolio currently includes 207 buildings, totaling more than 13.4 million square feet.