Portfolio News Mar 01, 2021 Elion Partners

Elion Partners Expands Last-Mile Portfolio with 207,000 Sq. Ft. Acquisition in New Jersey

Elion Partners (Elion), a vertically integrated private equity real estate investment firm, today announced it has acquired a 207,000-square-foot last-mile industrial asset located at 1000 Jefferson Avenue in Elizabeth, NJ, two miles from the Newark Liberty International Airport.

The $29.7 million acquisition expands the firm’s last-mile portfolio and is a part of a series of acquisitions the firm has planned for its portfolio aggregation strategy across key coastal logistics markets.

“The New Jersey industrial market dynamics support our investment strategy of sourcing in supply-constrained locations with strong demographic demand drivers,” said James Lambert, Senior Managing Director of Industrial Investments at Elion. “We look forward to continuing the expansion of Elion’s logistics portfolio across the northeast.”

The firm plans to continue to pursue an investment strategy focused on first, middle, and last-mile logistics real estate, targeting core, infill coastal markets exhibiting positive growth and demographics. In 2020, Elion acquired 1.3 million square feet of existing last-mile industrial assets across key logistics markets such as Seattle, San Francisco, Southern California, and South Florida.

The firm sold a portfolio of 12 last-mile distribution assets across South Florida to an institutional core buyer, marking the market’s largest industrial sale of 2020. Elion aggregated the portfolio through pre-market transactions and is looking to replicate this strategy. As a vertically integrated firm, Elion owns and operates logistics assets in closed-end fund structures and permanent capital vehicles which hold an existing portfolio of last-mile logistics real estate across the U.S.

About Elion Partners
Elion Partners is a minority-owned, private equity real estate investment firm focused on the industrial sector. As a vertically integrated platform, Elion is both a fiduciary and operator, managing real estate assets through closed-end funds and permanent capital investment vehicles.