Dalfen America Corp. Announces Acquisition of South Texas Industrial Portfolio
| January 16th, 2015
DALLAS, TEXAS-(Marketwired- June 16, 2015) –
Dalfen America Corp. (DAC) has acquired a six building Class A industrial portfolio totaling 767,952 square feet in McAllen, Texas. The portfolio is 82% occupied and includes 9.21 acres of developable land. Prominent tenants include: Fisher & Paykel, Protrans International
, CommScope Inc., and FAMSA, Inc.
The properties are situated in the premiere Sharyland Business Park
, a 1,200 acre development directly adjacent to the Anzalduas International Trade Bridge, which is one of the most efficient and modern distribution routes between Mexico and the United States. Its superior location and accessibility uniquely positions the development to accommodate manufacturers, suppliers, and logistics companies. Forbes
magazine consistently ranks McAllen as one of the top cities for job and population growth in the country.
“McAllen is one of the fastest growing markets in the U.S., and the properties are ideally positioned to capitalize on expanding market demand as they cater to companies on both the logistics and manufacturing fronts; especially those firms who benefit from NAFTA (The North American Trade Agreement),” said Sean Dalfen
, President and Chief Investment Officer of Dalfen America Corp.
DAC acquired the Class A portfolio from Ridge Property Trust, a Chicago-based firm, who was represented by Keith Stauber of Jones Lang LaSalle. With this acquisition, Dalfen America Corp. has now closed over $100MM of industrial real estate transactions in this month alone. About Dalfen America Corp.
Dalfen America Corporation (DAC) is a leading industrial real estate investment manager and a hands on real estate operator that is focused on acquiring, developing and operating industrial real estate throughout the United States. DAC currently owns and manages millions of square feet of premier commercial properties in the U.S. and in Canada, through its Canadian counterpart, Dalfen’s Limited.
To view the images associated with this release, please visit the following links: