CAPRE’s Commercial Real Estate Headlines for November 26, 2019

Check out the latest deals and developments in commercial real estate for November 26, 2019: Taurus Sells Logistics Portfolio for $614,000,000, Exits US Logistics Fund I: Taurus Investment Holdings has announced the sale of an 8.2 million square foot logistics portfolio located in the Chicago, Dallas, Atlanta and Memphis markets to Investcorp, a leading global provider and manager of alternative investment products. The portfolio consists of 117 buildings with more than 400 regional, national and international tenants. The firm exited its US Logistics Fund I and three co-investment vehicles totaling $204 million in equity capital. Taurus will remain the co-invested manager of the portfolio in joint venture with Investcorp. Tri Properties and NAI Carolantic Realty Announce Merger: Tri Properties and NAI Carolantic Realty, two of the Triangle's leading commercial real estate firms, today announced a merger, creating one of the largest full-service brokerage companies in the region. Together, the firms have more than 75 years of local expertise and a combined leasing and sales portfolio in excess of 12.7 million square feet to include office, industrial, retail, flex, and investment properties as well as 7,000+ acres of land for sale.Tri Properties has developed over 5 million square feet of commercial space in the Triangle with notable projects such as Imperial Center, IQVIA Tower, Town Hall Commons, Northchase at Midtown and Palladian Corporate Center. In addition, the firm is among the largest property management companies in the region with a management…