Montreal, QC (PRWEB) September 07, 2012
Dalfen America Corp. (DAC) announced the sale of Lake Mary Business Center, a 90% leased class A industrial property, located in the Orlando submarket of Lake Mary, FL. Mike Davis and Michael Lerner of Cushman & Wakefield, in Tampa, represented DAC in the sale to Exeter Financial Group.
In mid 2011, DAC purchased the property’s mortgage note from CW Capital and subsequently took over the property via deed in lieu. Built in 1999, Lake Mary Business Center is a 120,504 square foot concrete tilt-up industrial facility with 24’ ceiling heights, 1 drive-in door, 15 dock doors and a total of 5 suites.
Sean Dalfen Principal Executive Managing Director at DAC, explains “the sale is part of an ongoing strategy to crystallize the exceptional gains on numerous notes that we acquired through our last opportunistic industrial fund.” He adds that “Mike Davis and his team at Cushman & Wakefield should be credited for their fantastic work and for once again executing a flawless transaction.”
DAC has become one of North America’s most active buyers of opportunistic industrial real estate properties and loans, having transacted on 39 buildings and 2 million square feet of prime development land, over the past 18 months. Through its current opportunistic industrial fund, DAC has acquired 30 institutional quality industrial buildings in 7 states and intends to more than double that number within the next 12 months.
About Dalfen America Corp.
Dalfen America Corp, the US arm of Dalfen’s Ltd., is a private equity real estate firm headquartered in Montreal, Canada, with regional offices in Orlando, Dallas and Tampa. Through its investment funds and separate accounts, DAC acquires and manages commercial properties and securities throughout North America.
For more information visit: http://www.dalfen.net
For Additional Information Contact:
Director of Acquisitions
Executive Managing Director