Taurus Investment Holdings buys shallow-bay industrial portfolio in the South Jersey/Philadelphia market
Taurus Investment Holdings has acquired a shallow-bay industrial portfolio comprising five class B buildings, totaling 339,136 square feet in the south Jersey/Philadelphia market.
The assets are currently 100 percent leased to 22 tenants. This latest acquisition expands Taurus’ overall U.S. industrial footprint to more than 18 million square feet across 12 states, following their recent ATL/DFW last-mile shallow-bay acquisition in August.
“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 Merrigan, CEO of Taurus. “As the market continues to evolve, Taurus has maintained our cautious, disciplined approach but also retaining our entrepreneurial flexibility, allowing us to strategically enhance assets to offer our clients the best risk-adjusted returns.”
Taurus plans to add a new class A industrial property, spanning a