Dalfen Industrial, along with its joint venture partner, has struck a deal to acquire a U.S. industrial portfolio that mostly consists of properties in Dallas-Fort Worth.
Along with the $207.5 million price tag, the deal also comes with a $150.9 million loan from Wells Fargo, which was arranged by Newmark. Mapletree Investments was the seller, with the JV partner listed as a global asset manager.
The portfolio totals 19 properties, with 13 of them located in Dallas-Fort Worth. The others are positioned in Chicago (four), Indianapolis (one) and Cincinnati. Leasing exceeds 94 percent currently at the properties, with the average building size at 72,614 square feet.
Importantly, this is an example of acquiring prime assets across major U.S. industrial markets, as noted by Newmark President, Global Head of Industrial & Logistics Capital Markets, Jack Fraker.
"By connecting a high-quality, well-leased set of assets with investors seeking strategic, in-demand locations, we were able to deliver a seamless transaction that advances Mapletree's U.S. strategy while meeting the acquisition goals of the buyer," he said in a statement.
The portfolio also stands out for its diversity, offering space and capabilities to a range of distribution and logistics firms. All properties in the 1.38 million square foot portfolio feature versatile loading configurations and clear heights that scope up to 28 inches.
From a sales perspective, momentum for industrial has been building. In the fourth quarter, Newmark reported that volume nationally surged by 12 percent year-over-year. This was the highest amount of transactions seen since 2022, as investors continue to seek well-located and favorably positioned industrial products, according to the brokerage.
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