By IPE staff2021-05-06T13:20:00+01:00
Elion Partners has invested $216m (€179m) to buy four last-mile logistics assets in the US.
The private equity real estate investment firm said the assets, which were acquired from various sellers, are located within the Seattle, San Francisco, Southern California and New York markets
The acquired assets include the 4225 Hacienda Drive asset in Pleasanton, California, the 182-20 Liberty Ave asset in Jamaica, New York, the 555-589 Monster Road SW asset in Renton, Washington and the 6212 Corte del Abeto asset in Carlsbad, California. In all, the assets total 864,000sqft.
The company said the deal is a part of a series of acquisitions the firm has planned for its portfolio aggregation strategy across key coastal logistics markets.
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Elion Partners, a Florida-based real estate private equity investment firm, has acquired a 180,200 s/f last-mile logistics asset located at 182-20 Liberty Avenue in Jamaica , Queens, for $58 million.
Situated five miles from John F. Kennedy International Airport, the property expands the firm’s last-mile logistics portfolio and is a part of a series of acquisitions across key coastal logistics markets.
In February, Elion acquired a 207,000 s/f last-mile logistics asset located at 1000 Jefferson Avenue in Elizabeth, NJ, two miles from the Newark Liberty International Airport.
JAMES LAMBERT
“This acquisition complements our portfolio well and offers ample parking not traditionally seen in this market,” said James Lambert, Senior Managing Director of Industrial Investments at Elion. “We look forward to continuing the expansion of Elion’s logistics portfolio across the northeast.”
Elion Partners buys last-mile logistics facility in Queens for $58 million bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.