Elion Expands Last Mile Portfolio with $ 245 Million Acquisitions in Major Coastal Markets

NEW YORK–(COMMERCIAL THREAD) – Elion, a vertically integrated private equity real estate investment company, today announced a series of acquisitions totaling 1.2 million square feet across 10 last mile logistics assets for $ 245 million in the New Jersey, Los Angeles, Miami, Seattle and San Diego Markets.

The company’s investment strategy is focused on last mile logistics real estate, targeting infill locations in core, limited-supply coastal markets. The acquisitions were finalized in the third and fourth quarters of 2021 following the announcement of the firm’s final closing of Elion Industrial Fund I1 (the “Fund”) which reached its cap of $ 500 million in August 2021. Taking into account these latest acquisitions, the Fund has invested in 3.9 million square feet and over $ 1 billion in value of gross assets.2

“We are targeting well-located properties with the potential to generate added value through rental of vacant homes, capital investments and create efficiencies through improved functionality,” said James Lambert, Senior Managing Director of Industrial Investments at Elion. “Through our relationships and our data-driven approach to research sourcing opportunities early on, we were able to aggregate a portfolio of predominantly pre-market assets while identifying value-added opportunities that meet the needs of customers. logistics providers today. ”

The series of transactions included the company’s first acquisition in the Los Angeles market, at 15325 Stafford Street (97,500 square feet, closed Dec. 20e) and expanded the company’s presence in the New Jersey, Miami, Seattle and San Diego markets. Acquisitions included: 35 O’Brien Street in Kearny, New Jersey (126,612 square feet, closed August 9e); 1515 75th Street SW in Everett, Washington (150,154 square feet, closed August 30e); 5803 Newton Drive in Carlsbad, CA (71,602 square feet, closed September 15e); 1 Slater Drive in Elizabeth, New Jersey (244,530 square feet, closed September 15e); 43 Stults Road in Dayton, New Jersey (115,344 square feet, closed November 1st); 1600 NO 165e Street in Miami Gardens, Florida (65,142 square feet, closed November 9e); 9950 NO 25e Street in Doral, Florida (87,208 square feet, closed December 15e); 1200 Jersey Avenue in North Brunswick, New Jersey (129,500 square feet, closed December 21st); and, 600 Apgar Drive in Somerset, New Jersey (111,120 square feet, closed December 23e).

About Elion

Elion Partners (“Elion”) is a vertically integrated private equity real estate investment firm focused on the industrial sector. Elion is both an investment manager and an operator, managing $ 2.5 billion in gross real estate assets through closed-end funds and permanent capital investment vehicles. The business is minority owned and the business team is over 65% diverse. For more information, please visit www.elionpartners.com


1 Elion Real Estate Fund V, LP, Elion V Cayman Feeder I, LP, Elion V US Feeder I, LP, Elion V Holdco, LP are collectively referred to herein as “Elion Industrial Fund I”.

2 Gross asset value refers to the measure of the value of an investment based on a concept of an exit price that approximates the price that would be received on the sale of an asset in an orderly transaction between willing market participants at the end of the quarter.

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