A joint venture between a global asset manager and Dalfen Industrial has acquired a 19-property, 1.38 million-square-foot, shallow-bay logistics portfolio across the Dallas-Fort Worth, Chicago, Cincinnati and Indianapolis metro areas from Mapletree Investments for $207.5 million.
Newmark Group arranged the sale and acquisition financing on behalf of the new owners.
“This transaction highlights the strong appetite for prime logistics properties across key U.S. markets,” said Jack Fraker, Newmark president and global head of industrial and logistics capital markets. “By connecting a high-quality, well-leased set of assets with investors seeking strategic, in-demand locations, we were able to deliver a seamless transaction that advances Mapletree’s U.S. strategy while meeting the acquisition goals of the buyer.”
The portfolio includes 13 properties in the Dallas-Fort Worth metroplex, four in the Chicago metro area, one in Cincinnati and one in Indianapoli
