By Paul Bubny, Connect Media
Dalfen Industrial acquired a two-building, 572,800-square-foot portfolio in the I-78/I-81 corridor of Pennsylvania. Seller and pricing weren’t disclosed.
The portfolio includes buildings in Lancaster and Elizabethtown, PA. The 252,800-square-foot Lancaster property (601 Stony Battery Rd.) is newly built. The 320,000-square-foot Elizabethtown property (35 Conewago Rd.) was built in 2018.
“The fundamentals of this market and location near multiple major cities such as New York City, Philadelphia, Baltimore, and Washington, DC make these assets a great fit for our portfolio,” said Sean Dalfen, president and CIO. “In addition to the proximity to major cities, the great workforce demographics, accessibility to major highways, and robust demand in the area further substantiate the strategic fit of these properties.”
Lee & Associates of Eastern Pennsylvania’s Robert Yoshimura and Joseph Hill brokered the transaction.
With this acquisition and a development in Lehigh Valley, Dalfen owns and operates close to two million square feet in Pennsylvania.