Parlex's locally based headquarters facility totals 172,000 sf while the headquarters of its subsidiary in Rhode Island totals 56,000 sf. The company says that the "highly structured deal" will allow Parlex to reduce indebtedness and improve cash flow.
Brent E. Brown, VP of acquisitions for Taurus, a Boston-based real estate investment firm, tells GlobeSt.com that Taurus is in the process of creating a $300 million fund that will focus exclusively on single tenant and sale/leaseback deals. Brown says that the firm is looking for properties across the country with a current focus on the northeast. He anticipates that about 30% of the acquisitions will be in the Greater Boston area.
Brown notes that Taurus is looking at a number of properties in the area, but declined to reveal their exact location except to say that they are retail opportunities. "It's a very competitive market," Brown points out, referring to sale/leaseback deals. He explains that these opportunities provide his firm's investors with yield above and beyond anything a stock market or bond market has been able to produce. "In this market people are looking [for investments] with stabilized yield," he adds.
Since its inception, 25 years ago, Taurus has purchased and sold more than 30 million sf of office, industrial,
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