A South Jersey building used as a distribution center for Rite Aid Corp. and a Bucks County building leased by AstraZeneca is among six Philadelphia-area properties that are part of a 58-building industrial portfolio recapitalized for $423.5 million. 

Taurus Investment Holdings, a Boston real estate investment firm, owns a portfolio that totals 3.96 million square feet and, in addition to Philadelphia region, the buildings are located in Chicago, Atlanta, Dallas, and Houston. MetLife refinanced the portfolio. 

Taurus bought the properties in 2020 and they are 95% occupied with 109 tenants. The six Philadelphia properties total 431,469 square feet and are 100% occupied. They are located in two of the region’s highly sought-after industrial markets of Bucks County and South Jersey. 

*Article courtesy of Philadelphia Business Journal

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