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Chicago

Going strong: Another massive Chicago area industrial portfolio sells

Taurus Investment paid $154M for the 1.9M sf of warehouses from Rosemont-based Venture One Real Estate

Taurus Investment Holdings CEO Peter Merrigan and 4000 S. Racine (Credit: Google Maps)
Taurus Investment Holdings CEO Peter Merrigan and 4000 S. Racine (Credit: Google Maps)

Taurus Investment Holdings has acquired a Chicago-area industrial portfolio for $154 million.

The Boston-based firm bought the 28-building, 1.9 million-square-foot portfolio from Venture One Real Estate of Rosemont, according to Crain’s, which first reported on the deal.

The portfolio includes properties in Chicago, Rolling Meadows, Northbrook, Lake Forest and Carol Stream. All are nearly fully leased.

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Taurus is among a host of companies seizing on the Chicago area’s hot industrial market.

One of the most notable is Amazon. The e-commerce behemoth has leased or acquired 3.4 million square feet of industrial space since September.

This portfolio purchase is at least the second deal between Taurus and Venture ONe. In 2018, Taurus acquired a 51-building industrial portfolio from Venture One for $201 million. [Crain’s] — Jacqueline Flynn

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Commercial Real EstateIndustrial Real Estate