Taurus Investment buys 51-building industrial portfolio for $201M

The deal with Venture One Real Estate adds 2.9M sf to Taurus’ holdings

Chicago /
Jun.June 08, 2018 08:00 AM

Taurus’ CEO Peter Merrigan, Lathan Allen and Yorkbrook Business Center at 120 & 230 Eisenhower Lane North

Taurus Investment Holdings bought a 51-building Chicago-area industrial portfolio for $201 million from Rosemont-based Venture One Real Estate.

The purchase, which includes buildings throughout the Chicago area, closes out Taurus US Logistics Fund I, LP. The fund was used to buy 117 buildings totaling 8.4 million square feet in five states. Taurus closed the fund in April 2017 after amassing $157 million in equity commitments.

Boston-based private equity company Taurus said the Chicago-area purchase totals 2.9 million square feet with total occupancy rate of 92 percent.

Some of the largest properties are 740,000 square feet at 120-230 Eisenhower Lane North in Lombard; 130,000 square feet at 4201 West Victoria in Chicago and 117,000 square feet at 800 North Commerce in Aurora.

CBRE and Capital One assisted Taurus on the deal.

Taurus owns a total of 18 million square feet of commercial space and more than 2,500 rental apartments.


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