by Laura Calugar | Mar 02, 2018
The partnership between Trinity Capital Advisors and SilverCap Partners sold the fully occupied property for $16.8 million. HFF represented the seller in the transaction.
Dalfen America Corp. has purchased a 272,282-square-foot, fully occupied industrial facility in Durham, N.C., for $16.8 million. HFF worked on behalf of the seller, a partnership between Trinity Capital Advisors and SilverCap Partners. Recently, Dalfen completed another large deal—the acquisition of a 426,000-square-foot industrial portfolio in Central Florida.
Located at 3508 Tricenter Blvd. on a lot of roughly 15 acres, the facility is part of Research Tri-Center, a 130-acre, master-planned industrial park with more than 2.4 million square feet of distribution, manufacturing and R&D facilities. The asset provides easy access to Raleigh-Durham International Airport, interstates 40 and 85 and the Research Triangle Park. Originally a build-to-suit for IBM, the 1989 industrial property underwent a renovation in 2017. The triple net lease facility, occupied by two tenants, now includes 31 dock-high loading doors, a 150-foot deep truck court, 22-foot clear heights and 24 trailer spaces.
“The Raleigh-Durham market continues to have some of the nation’s strongest fundamentals. We have had tremendous success in the Carolinas and are always looking for the next opportunity to expand our footprint in this market,” said Dalfen America Corp. President & CEO Sean Dalfen, in prepared remarks.
Senior Managing Director Chris Norvell and Director Patrick Nally were both part of the HFF team representing the seller in this deal.