{"id":1004397701,"date":"2020-03-05T04:43:25","date_gmt":"2020-03-05T12:43:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004397701"},"modified":"2020-03-05T07:56:21","modified_gmt":"2020-03-05T15:56:21","slug":"chicago-industrial-portfolio-commands-154m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/","title":{"rendered":"Chicago Industrial Portfolio Commands $154M"},"content":{"rendered":"
\"\"<\/a>

Chicago industrial portfolio. Image courtesy of Taurus Investment Holdings<\/em><\/p><\/div>\n

A 28-property industrial portfolio in Chicago has changed ownership, marking one of the city\u2019s largest transactions in 2020 so far. Taurus Investment Holdings has acquired the portfolio from Venture One for $153.5 million.<\/p>\n

\n

READ ALSO<\/strong>: Keeping Ahead of Industrial Demand<\/a><\/p>\n

\n

The more than 1.9 million-square-foot portfolio spans 11 of Chicago\u2019s 19 submarkets and is 98.1 percent leased to 46 tenants. The list includes international, national, regional and local firms like food packaging manufacturer Pactiv, aerospace electronics provider Astronics and promotional products distributor Overture.<\/p>\n

Lathan Allen, managing director of U.S. industrial at Taurus, said in prepared remarks that last-mile logistics in large population centers are a high priority for their investment strategy. Allen added in a prepared statement that the Chicago portfolio had strong tenant and geographic diversification, with locations that were outperforming the larger market.<\/p>\n

Taurus\u2019 CEO & Managing Partner of Investment Holdings Peter Merrigan said in prepared remarks that the industrial sector is still one of the highest performing asset classes, with further growth expected. The industrial sector continues to lead the pack of commercial property types and Chicago ranked in the top five markets for demand and supply for 2020 through 2021, according to a Cushman & Wakefield report<\/a>.<\/p>\n

While Venture One sold the 28 properties, the Chicago-based firm will continue to manage the portfolio. Capital One provided the debt financing for the acquisition.<\/p>\n

Big buys in industrial market<\/h2>\n

The 28-property portfolio marks the second time in nearly two years that Taurus acquired one of the largest Chicago portfolios of that year. In June 2018, the investment firm purchased a 51-property industrial portfolio in Chicago for $201 million. Taurus also partnered with Venture One in the 2018 Chicago acquisition.<\/p>\n

Taurus\u2019 large portfolio transactions also include the firm selling a 95 percent stake in a 117-building portfolio<\/a> across Atlanta, Chicago, Dallas, Charlotte, N.C. and Memphis, Tenn., to Investcorp for $614 million in November.<\/p>\n","protected":false},"excerpt":{"rendered":"

In one of the metro\u2019s largest such deals this year, Venture One sold a collection of 28 properties across 11 of the metro\u2019s 19 submarkets.<\/p>\n","protected":false},"author":883,"featured_media":1004397719,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21808,21748,21783,13,21742],"tags":[33139,32799,44579,36141],"class_list":["post-1004397701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-featured","category-industrial","category-investment","category-midwest","category-latest","tag-capital-one","tag-cushman-wakefield","tag-peter-merrigan","tag-taurus-investment-holdings"],"acf":[],"yoast_head":"\nChicago Industrial Portfolio Commands $154M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chicago Industrial Portfolio Commands $154M\" \/>\n<meta property=\"og:description\" content=\"In one of the metro\u2019s largest such deals this year, Venture One sold a collection of 28 properties across 11 of the metro\u2019s 19 submarkets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-05T12:43:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-05T15:56:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/\",\"name\":\"Chicago Industrial Portfolio Commands $154M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg\",\"datePublished\":\"2020-03-05T12:43:25+00:00\",\"dateModified\":\"2020-03-05T15:56:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg\",\"width\":400,\"height\":299,\"caption\":\"Chicago industrial portfolio. Image courtesy of Taurus Investment Holdings\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chicago Industrial Portfolio Commands $154M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\",\"name\":\"Jackson Chen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"caption\":\"Jackson Chen\"},\"description\":\"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chicago Industrial Portfolio Commands $154M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/","og_locale":"en_US","og_type":"article","og_title":"Chicago Industrial Portfolio Commands $154M","og_description":"In one of the metro\u2019s largest such deals this year, Venture One sold a collection of 28 properties across 11 of the metro\u2019s 19 submarkets.","og_url":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-03-05T12:43:25+00:00","article_modified_time":"2020-03-05T15:56:21+00:00","og_image":[{"width":400,"height":299,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg","type":"image\/jpeg"}],"author":"Jackson Chen","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/","url":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/","name":"Chicago Industrial Portfolio Commands $154M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg","datePublished":"2020-03-05T12:43:25+00:00","dateModified":"2020-03-05T15:56:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg","width":400,"height":299,"caption":"Chicago industrial portfolio. Image courtesy of Taurus Investment Holdings"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/chicago-industrial-portfolio-commands-154m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Chicago Industrial Portfolio Commands $154M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1","name":"Jackson Chen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","caption":"Jackson Chen"},"description":"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Industrial.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004397701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/883"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004397701"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004397701\/revisions"}],"predecessor-version":[{"id":1004397878,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004397701\/revisions\/1004397878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004397719"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004397701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004397701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004397701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}