Canada-based Dalfen America Acquires Jacksonville, Florida-Greenville, South Carolina, Industrial Properties
The firm said it is “continuing its growth strategy focus on amassing a significant portfolio of industrial properties in select North American markets.”
Dalfen’s acquisition includes 500 Matrix Parkway, a concrete tilt-up, shallow bay distribution facility located in Piedmont, South Carolina, part of the Greenville-Spartanburg market. This Class “A” property totals 70,000 square feet with an additional 23 acres of land. The property benefits from excellent access to Highways I-185, I-85 and I-835. The Matrix Park is home to companies including Gordon Food Services, GE Aviation, JTEKT and KI Logistics amongst others. The building and land were acquired from Wells Fargo.
In Jacksonville, FL, East Park Center West II is a Class “A” multi-tenant office/ warehouse park comprised of 2 buildings which were built in 2005. The complex totals 90,241 square feet and includes 6.75 acres of additional land for future development off Beach Boulevard. Tenants in the park include the US Coast Guard Logistics and Training Facility. The buildings are exceptionally well positioned with easy access to highways I-95 & I-295, and in close proximity to large retail and housing developments.
Sean Dalfen, Managing Principal and Chief Investment Officer said, “Both Greenville, South Carolina, and Jacksonville, Florida, are pro-business markets with strong employment growth. We will continue to expand our industrial footprint in Florida and the Carolinas through acquisition and development, as we believe these markets are well positioned from an economic growth standpoint.”
These investments were made through DAC’s opportunistic industrial fund, Ashrei II, with $104 million of capital remaining, which will be deployed over the coming 12 to 18 months.
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