The Foxfire buildings are well-constructed assets that cater to the demands of the local tenants in this Phoenix submarket
Montreal, QC (PRWEB) October 29, 2010
Dalfen America Corporation (DAC), a leading private equity firm that owns and operates properties in the United States and Canada, has recently acquired Foxfire Commerce Center, a flex business park in Surprise, Arizona, a suburb of Phoenix.
The 63,000 square foot, two building flex complex, located at West Foxfire Drive was built in 2002, and is currently 60% occupied. The buildings are the latest additions to DAC’s Value Added Industrial Property Fund IV, the firm’s sixteenth real estate fund. This is the second property purchased by DAC for this fund in the last month; the other asset, a 202,000 square foot industrial park located in Dallas, was acquired from BBVA Compass Bank.
“The Foxfire buildings are well-constructed assets that cater to the demands of the local tenants in this Phoenix submarket” said Sean Dalfen, Executive Managing Director. “We intend to increase our footprint in Phoenix quite significantly in the coming months” Said Dalfen.
DAC’s Value Added Industrial Property Fund IV’s focus is on value added Class A and B multi-tenant industrial buildings in select metropolitan markets in the United States. Acquisitions are sourced through the company’s head office in Montreal along with regional offices in Dallas, Tampa and Orlando.
About Dalfen America Corp
Dalfen America Corp., the U.S. arm of the Canadian company Dalfens Ltd., launched its first U.S. real estate fund in 1992. Today, the company has an extensive portfolio of commercial properties across North America. The portfolio includes a mix of office, industrial, retail and self-storage properties, as well as residential and commercial land holdings.
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Executive Managing Director