Dalfen Industrial acquires over 2.4msf of industrial properties

Dalfen Industrial has acquired more than 2.4 million square feet of properties across three states.

“Our team continues to expand our footprint in best-in-class metropolitan statistical area’s across the United States,” said Sean Dalfen, president and CIO of Dalfen Industrial. “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 1.4 million people within a 10-mile radius.”

The assets include the North Carolina Industrial Portfolio located in the Charlotte and Greensboro area; I-70 Distribution Center located in Denver; and I-4 Logistics Center located in Seffner (Tampa), Fla.

The North Carolina Industrial Portfolio consists of 10 class A industrial properties totaling 1.94 million square feet primarily located in the Charlotte, N.C., metropolitan area. The portfolio also includes a parcel that offers future expansion opportunity of up to 950,000 square feet. 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 square feet. The properties are in the Upper North Central Industrial submarket directly off I-70 and a quarter mile from I-25. Currently 98 percent occupied, tenants in the area include FedEx Home Deliveries, Amazon and Toshiba.

The I-4 Logistics Center totals 424,550 square feet and was completed in 2019. The property is in Seffner (Tampa), Fla., 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 square feet 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 percent.