Elion Partners and Buchanan Partners Acquire a 1.6 Million Square Foot Industrial Portfolio in Washington D.C. Metro Area, Expanding Mid-Atlantic Industrial Footprint
Joint venture marks fourth partnership between Elion and Buchanan Miami, FL and Gaithersburg, MD, February 12, 2019 – Real estate investment firms Elion Partners (“Elion”) and Buchanan Partners (“Buchanan”) today announced the acquisition of a 1.6 million square foot industrial portfolio, spanning 34 buildings spread across six locations in the Washington D.C. Metro area. Within this transaction, Elion and Buchanan have replicated their ongoing investment strategy, which focuses on investing in key assets at- or below- replacement cost with strong occupancy fundamentals in supply-constrained locations. The newly acquired assets are in close proximity to the Washington Dulles International Airport and service tenants primarily in the government contract sector.
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