Taurus Remains Bullish on Industrial, Buys 13-Property Sunbelt Portfolio
Boston-based Taurus Investment Holdings, LLC, has acquired a portfolio of 13 Class A and Class B industrial assets totaling 1,423,145 square feet across Atlanta, GA; Houston, TX and Orlando and Tampa in FL.
“Investor demand continues to be tremendous for the industrial sector,” said Peter A. Merrigan, CEO of Taurus Investment Holdings. “One of the things we really like is the industrial sector’s ability to be a hedge against inflation and this latest, acquisition highlights our continued commitment to adding strategically located industrial assets to our substantial portfolio.”
With 51 tenants spread across 12 buildings, the portfolio is situated across four of the highest growth industrial markets in the United States, with a weighted average vacancy rate of 3.85%, creating a favorable supply demand dynamic for continued rent growth. Recent upgrades and new construction have aided in the portfolio securing leases with Walmart, Raytheon, Iron Mountain, DAP America and SC Johnson.
- ◦Sale/Acquisition
