CRE N Illinois

Taurus Investment Holdings acquires $201M portfolio in Chicago

Taurus Investment Holdings, LLC announced that the US Logistics Fund I, LP has been fully deployed. The purchase of the Venture One Portfolio located in Chicago was the final investment of the fund. Launched in May 2017, the fund focused on on value-added logistics properties in major US population centers. The Venture One Portfolio is the ninth and final investment of the fund.

“Following recent acquisitions of logistics assets in both Atlanta and Dallas, we are pleased to have now completed our first acquisition in Chicago, which continues to showcase confidence in our value-add logistics strategy.” said Peter Merrigan, Taurus CEO. “We are thankful for our investors’ support and will continue to focus on maximizing the value of the investments within the fund, and producing long-term returns for them.”

Consisting of 51 assets, the portfolio covers 2,904,216 square footage of space, and is currently 91.5 percent occupied with a variety of tenants including Amazon, Ryder, and Armacell. The properties are located in in 11 of the 19 Chicago submarkets. Taurus was advised by CBRE and Capital One for the transaction of this deal.

“The portfolio offered a unique opportunity to purchase a critical mass of institutional-quality last mile produce in one of the most dynamic industrial markets in the United States,” said managing director at Taurus and of TUSLF, Lathan Allen. “The assets are well diversified, and given their infill nature are well-positioned to benefit from the continuing urban logistics boom.”