ATLANTA—Dalfen America Corp, or DAC, acquired three industrial buildings in Atlanta. With the acquisition of the Airport Commerce Center and The Bay Circle Business Center, DAC is pressing deeper into its last mile industrial real estate portfolio strategy in this strategic logistics market. Financial terms of the deal were not disclosed.

“Atlanta has one of the highest population growth rate in the nation with over 6 million people,” Sean Dalfen, president of DAC, tells GlobeSt.com. “We intend to assemble a large foot print of top quality infill industrial properties across the MSA which caters to the increased demands of e-commerce.”

Airport Commerce Center is home two industrial buildings totaling 85,510 square feet. The industrial assets are sit in a parklike setting less than two miles from Hartfield Jackson International Airport.

(This rapidly-growing industrial market is evolving. Get the details.)

Built in 1989, the industrial center features an additional 13 acres of unimproved land. Tenants operating in the region include Variety Wholesalers, Mars, Duracell and Amazon.

Bay Circle Business Center is located in Norcross, GA. The vacant industrial building features 18-foot ceiling heights, 24-dock high doors, wet sprinkler system and abundant parking spaces. The industrial facility was built in 1984 and spans 86,400 square feet with units ranging from 10,000 square feet up to 86,400 square feet in size. The Norcross light industrial market is only 6% vacant and has experienced a 10% to 15% rental rate growth in 2017.

“With the acquisition of these properties, Dalfen will have closed on six buildings in the Atlanta market over the past several months” says Dalfen. “We continue to execute our strategy of buying last mile oriented buildings in higher growth markets. Atlanta is one of the fastest growing metropolitan areas in the country and it's a critical southeast distribution hub. In the past year, tenants have leased approximately 13 million square feet of warehouse space according to a Colliers report, with increased activity catered to the e-commerce users including Lowe's Home Improvement, who has been eyeing a distribution center south of Atlanta that could exceed 1 million square feet.”

(Atlanta's post-recession industrial boom is not slowing down.)

(This rapidly-growing industrial market is evolving. Get the details.)

Built in 1989, the industrial center features an additional 13 acres of unimproved land. Tenants operating in the region include Variety Wholesalers, Mars, Duracell and Amazon.

(Atlanta's post-recession industrial boom is not slowing down.)

Instant Insights /

Industrial Investor Presses Into 'Last Mile' Strategy in Atlanta With Three Buys

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