Elion Partners Completes Acquisitions for $216m Across Key Coastal Logistics Markets

Elion Partners, a vertically integrated private equity real estate investment firm, today announced a series of acquisitions totalling 864,000 square feet spread across four last-mile logistics assets for $216m within the Seattle, San Francisco, Southern California and New York markets.

The firm’s investment strategy is focused on last-mile logistics real estate, targeting core, urban logistics hubs near large population centres in infill coastal markets. The recent acquisitions were individually sourced pre-market from various sellers and is a part of a series of acquisitions the firm has planned for its portfolio aggregation strategy across key coastal logistics markets.

James Lambert, Senior Managing Director of Industrial Investments at Elion, said, “By focusing on the attributes prudent to logistics real estate such as clear height, excess parking and drive-around truck access, we have been able to identify value add opportunities that meet the needs of today’s logistics providers. These acquisitions provide additional exposure to high-quality assets in core locations, and we look forward to continuing the expansion of our last-mile portfolio.”

The transactions consisted of 4225 Hacienda Drive in Pleasanton, California (390,000 sq. ft.; closed April 29th), 182-20 Liberty Ave in Jamaica, New York (180,000 sq. ft.; closed April 27th), 555-589 Monster Road SW in Renton, Washington (224,000 sq. ft.; closed April 26th), and 6212 Corte del Abeto in Carlsbad, California (70,000 sq. ft.; closed March 11th).

Source: Street Insider