Elion Partners has announced plans to make a series of acquisitions in key logistics markets in the West Coast, including Seattle, San Francisco and Southern California. Elion's expansion strategy will focus on first, middle, and last-mile logistics real estate in core markets, particularly along the coast.

The expansion plan kicked off with the purchase of a 114,000-square-foot last-mile logistics facility. Located at the Port of Seattle, the asset traded hands for $27.7 million. Kent Valley has a limited supply of 100,000-square-foot to 200,000-square-foot properties and this particular building has a low coverage area, which allows Elion to expand it.

The firm's current expansion strategy builds on strong acquisition volume in 2020. Last year, Elion acquired 1.3 million square feet of existing last-mile industrial assets in its target markets Seattle, San Francisco and Southern California, as well as in South Florida. This included the acquisition of four West Coast last-mile industrial distribution assets for $83 million. The properties are located in Vista, Union City and San Diego, California, and Everett, Washington and total 425,000 square feet. The firm also acquired 1 million square feet of development opportunity in Chicago and New Jersey.