March 4, 2020
Boston-based Taurus Investment Holdings acquired the Chicago Infill Industrial Portfolio for $153.5 million. Comprised of 28 assets across 11 of the 19 Chicago-area submarkets, the portfolio totals 1.9 million square feet. The properties are currently 98.1% leased to 46 international, national, regional and local tenants, including companies such as Pactiv, Astronics and Overture.
This acquisition marks the second time in 22 months that Taurus has acquired one of the largest Chicago portfolios in that respective year. Taurus previously purchased a 51-building Chicago Industrial Portfolio in June 2018 for $201,000,000.
“This acquisition in particular offered our investors strong tenant and geographic diversification, with locations across submarkets that have outperformed the larger market as a whole,” said Taurus’ Lathan Allen.
Locally-based Venture One is the seller and will continue to manage the portfolio. Taurus and Venture One also partnered on the previous Chicago acquisition in 2018.
Pictured: 800 S. Northpoint Blvd., Waukegan, IL.
It’s not too late to register for Connect Industrial Midwest, coming to the Hyatt Regency O’Hare in Rosemont, IL on March 4. For more information, or to register, click here.
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