Dalfen Industrial has partnered with Goldman Sachs Merchant Banking Division on a 46-property last-mile industrial portfolio across the United States.
The portfolio of more than 6.3 million square feet caters to ecommerce-oriented tenants and is near major population centers and/or key logistics corridors. The portfolio provides distribution and fulfillment space in numerous major metro areas, such as Atlanta, Baltimore, Chicago, Cincinnati, Columbus, Dallas, Houston, Jacksonville, Minneapolis, Orlando, Phoenix, Raleigh, Reno and Tampa. With 94 percent occupancy and an average property size of 126,000 square feet, this high occupancy portfolio is home to major tenants such as Amazon.com, Brinks, Central Garden & Pet, Frito Lay, Pods, and Sherwin Williams.
While the trend toward ecommerce has been on an upward trajectory for years, COVID-19 accelerated that rate tremendously. In May alone, ecommerce sales jumped 92.7 percent. The expenditures for April and May excee