Taurus Investment Holdings has recently acquired a five-building industrial portfolio in the South Jersey/Philadelphia market, totaling 339,136 square feet. The properties are fully leased to 22 tenants and have contributed to Taurus’ impressive growth in the US industrial sector, which now spans over 18 million square feet across 12 states.
In addition to this acquisition, Taurus plans on developing a new Class A industrial property of approximately 64,500 square feet on an adjacent parking field. They also intend to install rooftop solar panels on four existing assets and the new development under New Jersey’s Community Solar Program. This initiative will make the entire portfolio carbon-negative by offsetting emissions by more than 300%.
According to CEO Peter A. Merrigan, this purchase is a testament to their team’s ability in sourcing unique opportunities within strong markets with limited competition.
The article was originally published by Connect CRE.
