Dalfen America Corp.

Dalfen America Corp.

October 07, 2014 10:07 ET

Dalfen America Corp. Acquires Airport Distribution Centers in Raleigh, NC.

RALEIGH, NORTH CAROLINA--(Marketwired - Oct. 7, 2014) - Dalfen America Corp (DAC) announces the acquisition of Airport Distribution Centers (ADC) I and II in Raleigh, North Carolina.

The properties total over 165,000 SF and are located at 5101 and 5151 Nelson Drive. ADC I and II are situated in extremely close proximity to Raleigh Durham International Airport, which serves as a popular flight hub for major airlines such as Delta, American Airlines, and Southwest. I-40 and I-540 are also easily accessible, making ADC I and II exceptional locations for companies servicing the regional population, e-commerce, and other logistic-centered operations.

Dalfen acquired the properties from two different sellers, but in virtually simultaneous transactions. The brokers representing the sellers were Rick Amon of Colliers International for ADC I and Dennis Hurley of Cassidy Turley for ADC II. With properties in Charlotte and Greenville, these acquisitions further increase the size of Dalfen's rapidly growing industrial portfolio in the Carolinas.

Dalfen plans to significantly renovate the properties and improve their functionality in order to bring them up to the class A standard, which is the hallmark of their portfolio across North America.

"These properties are extremely well positioned within a market that has an incredibly low vacancy rate and a limited number of comparable spaces available for lease. We are currently working on several large acquisitions within the market and we intend to increase our footprint in the Raleigh market to over one million sf in the next 12 months." said Sean Dalfen, Dalfen America Corp's Managing Principal and Chief Investment Officer.

About Dalfen America Corp.

Dalfen America Corporation (DAC) is a leading private equity 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 and Canada. DAC is one of the country's most active buyers of industrial property and currently owns and manages millions of square feet of premier commercial buildings in the U.S. and in Canada, through its Canadian arm, Dalfen's Limited.

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