Dalfen Industrial, Centerbridge Continue Coastal IOS strategy
An industrial outdoor storage (IOS) joint venture between Dalfen Industrial and Centerbridge Partners has acquired two additional IOS properties in California and New Jersey, further expanding the venture’s existing portfolio in coastal, infill industrial markets near ports and key logistics nodes.
The Riverside, Calif., property is a 4.1-acre trailer storage yard in a prime Inland Empire location that provides direct access to the CA-91 and Interstate 215, drawing from both the Ports of Los Angeles and Long Beach to the west and the surrounding logistics footprint. The venture plans to pave, light and fence the property to deliver a secure, 24/7 truck parking facility with completion targeted by the end of 2023.
“This acquisition plants our flag in the premier logistics market of the West Coast, with the opportunity to deliver class A IOS product that is in limited supply and zoned for a high-demand tenant use across Southern California,” said Willis Fries at Da