Dalfen America Corp.

Dalfen America Corp.

April 12, 2016 07:00 ET

Dalfen America Corp. Acquires 23 Building Ohio Light Industrial Portfolio

DALLAS, TEXAS--(Marketwired - April 12, 2016) - Dalfen America Corp. (DAC) today announced the acquisition of an industrial real estate portfolio comprised of 23 buildings located in the Columbus, Cincinnati and Cleveland metropolitan markets. Michael Caprile and Ted Staszak, with CBRE's Chicago office, represented the seller on the transaction.

The Ohio Light industrial portfolio, totaling 2,077,743 square feet, is currently 94% leased and includes 6.5 acres of land for future development. Notable tenants in the properties include The Home Depot, T-Mobile US Inc., Bosch Auto Parts, The Nexio Group Inc. and The Black and Decker Corporation.

Ohio is home to 23 Fortune 500 Headquarters and has created the 5th most jobs in the country since 2011, ranking first amongst the Midwest. Ohio's logistics and transportation industry is currently one of the largest in the nation with a total economic output of $5.2 billion.

This transaction marks the latest acquisition by Dalfen's Core-Plus Industrial Fund, Ashrei III. "These light industrial buildings are located in markets with strong fundamentals and some of the highest year over year rental growth in the country," said Sean Dalfen, President and CIO of DAC. "The evolution of e-commerce has made it increasingly important for companies to have fulfillment facilities in infill metro locations in order to expedite delivery of goods to consumers. These properties are ideally tailored to serve that demand and the acquisition of these properties further strengthens our Midwest presence." He added, "We continue to grow our national industrial portfolio by building a strategic presence in key target markets across the country."

About Dalfen America Corp.

Dalfen America Corp. (DAC) is a leading industrial real estate investment manager and 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.

For more information visit www.dalfen.com.

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