RENTON A warehouse/office complex at 555-589 Monster Road S.W. in Renton sold for $47.5 million, according to King County records.
The buyer was EV Monster LLC, associated with Elion Partners of Miami. Public records indicate a $33.8 million loan from LoanCore Capital Credit REIT.
Recent development projects in the Bethesda area bethesdamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bethesdamagazine.com Daily Mail and Mail on Sunday newspapers.
The $29.7 million acquisition is a part of a series of acquisitions the firm has planned for its aggregation strategy across key coastal logistics markets.
Posted on 162
Elion Partners (Elion), a vertically integrated private equity real estate investment firm, today announced it has acquired a 207,000-square-foot last-mile industrial asset located at 1000 Jefferson Avenue in Elizabeth, NJ, two miles from the Newark Liberty International Airport.
The $29.7 million acquisition expands the firm’s last-mile portfolio and is a part of a series of acquisitions the firm has planned for its portfolio aggregation strategy across key coastal logistics markets.
“The New Jersey industrial market dynamics support our investment strategy of sourcing in supply constrained locations with strong demographic demand drivers,” 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.”
NJ industrial building trades for $30M | Real Estate Weekly rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.