Le Lézard
Classified in: Business
Subjects: MISCELLANEOUS, MERGERS AND ACQUISITIONS (M&A)

Dalfen Industrial Acquires over 2.4MSF of Industrial Properties


DALLAS, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Dalfen Industrial announced today the acquisition of over 2.4 million square feet of properties across three states. The assets include the North Carolina Industrial Portfolio located in Charlotte and Greensboro area, NC; I-70 Distribution Center located in Denver, CO; and I-4 Logistics Center located in Seffner (Tampa), FL.

The North Carolina Industrial Portfolio consists of 10 Class A, industrial properties totaling 1,936,344 SF primarily located in the Charlotte, NC metropolitan area. The vintage of the buildings range from 2000 to 2013. The portfolio also includes a parcel which offers future expansion opportunity of up to 950,000 sf. Major tenants in the portfolio include Crate&Barrell, Lenovo, United Technologies, Britax, Geodis & Henkel.

I-70 Distribution Center is a two-building portfolio totaling 77,200 sf. The properties are in the Upper North Central Industrial submarket directly off I-70 and a quarter mile from I-25. Currently 98% occupied, tenants in the area include FedEx Home Deliveries, Amazon, and Toshiba.

The I-4 Logistics Center totals 424,550 sf and was completed in 2019. The property is in Seffner (Tampa), Fl, with direct frontage on I-4 one exit east of I-75. It is the only available cross docked facility in the East side submarket offering 200,000 sf or greater of space available for lease. The property is well positioned for last mile distribution, with access to 1.2 million people within a 15-mile radius, and Tampa's population growth has been outpacing the national average by 42%.

"Our team continues to expand our footprint in best in class MSA's across the US," says Sean Dalfen, President and CIO of Dalfen Industrial. Adding, "This is our first acquisitions in the Denver market, and we will be significantly growing our presence there. This purchase is highly representative of our infill focused strategy as there are 1.4M people within a 10-mile radius."

Over the last nine months, Dalfen has acquired and developed over $400M infill industrial properties across seven states.

Dalfen Industrial is one of the nation's largest buyers of industrial real estate and is a leader in the last-mile property sector. Their investment focus is on strategically located urban infill warehouses and distribution buildings. Dalfen Industrial currently owns and operates millions of square feet of premier industrial properties throughout the Unites States and in Canada.

For further information, contact:

Dalfen Industrial
[email protected]

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/741ffda8-6cf3-4fb5-978a-b5f4990c0522

https://www.globenewswire.com/NewsRoom/AttachmentNg/705e856d-f52b-41a8-9234-d1ab6d1bdf7c

https://www.globenewswire.com/NewsRoom/AttachmentNg/990983c9-80e5-4447-8c2b-b35947729413

 


These press releases may also interest you

at 10:21
The bargaining committee representing members of Expertech, a wholly owned Bell Canada Enterprises Inc. company, is gearing up for a crucial strike vote, signaling the potential for imminent strike action. Following months of negotiation and the...

at 10:21
Highlights of the Annual Results as of December 31, 2023: Revenue reached RMB2,155.6 millionGross profit amounted to RMB738.5 millionAdjusted non-IFRS net loss improved to RMB208.8 million, representing a significant turnaround from a negative...

at 10:17
The life insurance comparison site QuickQuote.com recently published a guide to accidental death and dismemberment (AD&D) insurance. It revealed that some plans cost only $4 a month and provide $100,000 in coverage....

at 10:16
Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer and property manager, today announced the continued growth and success of Quarterra Emblem Communities with the opening of...

at 10:15
For the fourth consecutive year, BMO has been recognized in the 2024 Report on Business, Women Lead Here list ? an annual benchmark recognizing Canadian businesses with the highest achievement for executive gender diversity.  In line with its...

at 10:15
Chartis, a comprehensive healthcare advisory firm, today announced that its line of business focused on helping medical staff services departments (MSSDs) transform to elevate performance will restore its former name?Greeley, A Chartis Company. It...



News published on and distributed by: