We will continue to expand our industrial footprint in Florida and the Carolinas through acquisition and development, as we believe these markets are well positioned from an economic growth standpoint.
Montreal, QC (PRWEB) February 12, 2014
Continuing its growth strategy focus on amassing a significant portfolio of industrial properties in select North American markets, DAC has announced the purchase of two buildings in Jacksonville, FL and one in Greenville, SC.
Built in 2007, 500 Matrix Parkway is a concrete tilt-up, shallow bay distribution facility located in Piedmont, SC, part of the Greenville Spartanburg market. This Class “A” property totals 70,000 square feet with an additional 23 acres of land, and benefits from excellent access to Highways I-185, I-85 and I-835. The Matrix Park is home to companies including Gordon Food Services (GFS), GE Aviation, JTEKT and KI Logistics amongst others.
The building and land were acquired from Wells Fargo.
Located in Jacksonville, FL, East Park Center West II is a Class “A” multi-tenant office/ warehouse park comprised of 2 buildings which were built in 2005. The complex totals 90,241 square feet and includes 6.75 acres of additional land for future development off Beach Boulevard. Tenants in the park include the US Coast Guard Logistics & Training Facility amongst others. The buildings are exceptionally well positioned with easy access to highways I-95 & I-295, and in close proximity to large retail and housing developments.
Sean Dalfen, Managing Principal & Chief Investment Officer at DAC quoted, “Both Greenville, SC and Jacksonville, FL are pro-business markets with strong employment growth.” He added, “We will continue to expand our industrial footprint in Florida and the Carolinas through acquisition and development, as we believe these markets are well positioned from an economic growth standpoint.”
These investments were made through DAC’s opportunistic industrial fund, Ashrei II, with $104MM of capital remaining, which will be deployed over the coming 12 to 18 months.
About Dalfen America Corp.
Dalfen America Corp., is an investment arm of the Dalfen Group, a leading private equity real estate firm headquartered in Montreal, Canada with regional offices in Orlando, Dallas, Tampa and Las Vegas. Through its investment funds, separate accounts, and strategic joint ventures, DAC acquires and manages commercials properties and securities throughout North America.
For more information visit: http://www.dalfen.com