Thank you for sharing!

Your article was successfully shared with the contacts you provided.

METHUEN, MA-Taurus Investment Holdings LLC completed two sale/leaseback deals with Parlex Corp. involving the company’s worldwide headquarters and primary operating facility here and the headquarters and operating facility of its wholly-owned subsidiary, Poly-Flex Circuits Inc., located in Cranston, RI.

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,

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.