Dalfen America Corp.

Dalfen America Corp.

January 20, 2015 06:00 ET

Dalfen America Corp. Acquires Two Industrial Buildings in Charlotte, North Carolina

CHARLOTTE, NORTH CAROLINA--(Marketwired - Jan. 20, 2015) -

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 two building 97,000 square foot Industrial Park in Charlotte, NC through Ashrei II, the firm's opportunistic industrial fund.

The Industrial Park is located in the South Industrial submarket and provides easy access to Interstate 77, Charlotte's main industrial thoroughfare. The two buildings feature classic Charlotte brick exterior, 18'-22' foot clear ceiling heights, concrete truck courts and dock-level loading.

Tenants in the park include national companies such as World Pac, Autosupply and Mayesh Wholesale Florist. Upon signature of the purchase agreement, the park was 86% occupied. During due diligence, DAC successfully negotiated a lease with Mayesh Wholesale Florist, bringing the park's overall occupancy to 100% at closing.

"In addition to being a testament to the appeal of these two high quality assets, our ability to fully lease the project in due diligence is a real nod to the strength of Charlotte's current industrial market. We're extremely pleased with this transaction as it brings us one step closer to achieving our overarching goal of expanding our portfolio in the Carolinas" Says Robert Kurlender, Director of Investments at DAC.

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.

To view the photo associated with this release, please visit the following link: http://www.marketwire.com/library/20150119-3-Side-View-Stuart_Andrew.jpg.

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