Thursday, July 10, 2008

TAURUS INVESTMENT HOLDINGS OPENS PRAGUE OFFICE

Boston-based Taurus Investment Holdings LLC closed on a $14 million purchase of a 356,541-square-foot manufacturing and distribution facility.

The property is located in Statesville, N.C. and was purchased through a subsidiary of Taurus' called Taurus Corporate Properties LLC. Taurus will bought the building from Pratt Industries USA and will lease it back to the packaging company on a long-term basis.

Acquisition financing for Taurus was provided by TD Banknorth. Pratt was represented in the transaction by The Staubach Co.

Taurus also recently announced it opened a Central European office in Prague and hired Ben Maulding, formerly of INVESCO Real Estate, as managing partner of the new office. Taurus Central and Eastern Europe will initially focus primarily on opportunities in the Czech Republic, Poland, Romania and Ukraine.

Taurus is a real estate company with 14 U.S. offices and eight across the globe. Since it was founded in 1976. Taurus has purchased and sold over 20 million square feet of office, industrial, retail, residential and hotel assets.