Dalfen America Corp.

Dalfen America Corp.

December 23, 2014 09:19 ET

Dalfen America Corp. Acquires Lockheed Martin Occupied Industrial Property

INDIANAPOLIS, INDIANA--(Marketwired - Dec. 23, 2014) -

Editors Note: There is a photo associated with this press release.

Dalfen America Corp. ("DAC"), a leading owner and operator of industrial real estate, announced today the acquisition of a new building located in Indianapolis, IN, through Ashrei II, the firm's opportunistic industrial fund.

Following a default by the building's previous owner, DAC purchased a non-performing mortgage note secured by the Class "A" Indianapolis facility from C3 Special Servicing.

Located at 5101 Decatur Blvd, the property was built in 1999, and is currently 67% occupied. The property lies within the premier Ameriplex Business Park which includes renowned tenants such as Pepsico, Allstate and Fedex.

With Lockheed Martin as its primary tenant an abundance of parking and excellent access to the interstate system, the International Airport and downtown Indianapolis, this asset makes for a strong addition to DAC's growing list of acquisitions. Since closing on the note in early Q4, DAC has been successful in negotiating a voluntary foreclosure with the previous ownership group.

"The addition of this asset to our portfolio allows us to further increase our footprint in Indy's airport submarket, which is a critical logistics market for not only the Midwest but from a national standpoint as well. We will continue to actively seek opportunities to the strategically grow our presence in and around the Indianapolis metroplex." Said Sean Dalfen, 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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