Dalfen Industrial has acquired a 99,714-square-foot industrial building located in Somerset, N.J., less than 15 miles to Exit 10 of the New Jersey Turnpike and 35 miles to the New Jersey ports, the busiest container terminals on the East Coast. The building acquisition was sourced off-market by JLL.
Shortly after its acquisition, Dalfen leased the entire premises to Scentbird, a fragrance subscription service company. Cushman & Wakefield represented the tenant.
“Dalfen is excited to announce its first value-add acquisition in central New Jersey,” said Michael Cohen, head of acquisitions at Dalfen. “Acquiring a new industrial property in a submarket with a strategic infill location makes this property an attractive option for tenants and a great addition to our portfolio. We intend to continue acquiring and developing last-mile properties in this market in the near future”.
The property, constructed in 2023, offers class A building amenities includi
