DAC Grabs Fully Leased Portfolio at FedEx Ship Center
- Jul 16, 2015
An industrial real estate investment manager and operator with offices in Dallas, Orlando and Montreal just added a Charlotte-area light industrial park to its national portfolio. The Northfield Industrial Portfolio is located on Eagleton Downs Drive across from the FedEx Ship Center. Dalfen America Corp. acquired the four buildings totaling 122,283 square feet; commercial terms of the deal were not disclosed.
The buildings were constructed between 1997 and 2002 and the property was 100 percent leased at the time of closing. The assets are located in the southwest submarket, one of Charlotte’s premier industrial corridors.
With this acquisition, DAC closed on over 1 million square feet of industrial properties in three states over the past month. The company owns two other industrial properties in Charlotte: the 20,000-square-foot, single story Eagleton Downs Center, and the two-building Stuart Andrew Business Center that totals 91,320 square feet. According to President & Chief Investment Officer Sean Dalfen, the company intends to significantly expand its holdings in Charlotte as well as other key markets in the Carolinas over the next two years. Dalfen expects that Charlotte, the Raleigh/Durham and Greenville/Spartanburg areas will continue to support the firm’s strategy as “some of the nation’s top tier locations from a business and population growth standpoint”.
Photo courtesy of Dalfen America Corp.