Taurus Investment Buys South Jersey Industrial Assets
Taurus Investment Holdings has acquired a five-building, 339,136-square-foot shallow-bay industrial portfolio in the South Jersey/Philadelphia market, now fully leased to 22 tenants. Taurus’ substantial growth in the US industrial sector totals over 18 million square feet across 12 states.
The firm plans to develop a new 64,500-square-foot Class A industrial property on an adjacent parking field and implement rooftop solar panels across four existing assets and the new development under the New Jersey Community Solar Program, making the portfolio carbon-negative by offsetting emissions by over 300%.
“This acquisition, based on the strength of the shallow-bay market and an extremely limited competitive supply, demonstrates our team’s ability to source unique opportunities, ” said Peter A. Merrigan, CEO of Taurus.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.