Dalfen Industrial acquired a 19-property, 1.38 million-square-foot U.S. industrial portfolio across Dallas, Chicago, Indianapolis and Cincinnati.
The portfolio includes 13 properties in Dallas, four in Chicago, and one each in Indianapolis and Cincinnati, located in infill submarkets including Plano, Valwood, GSW, O’Hare, Park 100 and Fairfield/Westchester. The assets are 93 percent leased to 48 tenants and have a weighted average lease term of approximately three years.
“This transaction gives us immediate scale in high-conviction infill submarkets where demand remains durable and leasing spreads continue to reprice,” said Sean Dalfen, president and CEO of Dalfen Industrial. “We continue to see opportunities to acquire well-located logistics assets at pricing that does not reflect replacement cost or forward rent potential.”
The portfolio serves tenants including Cummins, Techcess Solutions, WM Coffman Resources and Legacy Foods Manufacturing, with p
