DAC has acquired close to 1 million square feet in Texas over the past 2 months
Dallas, TX (PRWEB) August 20, 2015
Dalfen America Corp. (DAC) today announced the acquisition of a 100% leased portfolio in Houston, Texas. The 3 building portfolio is comprised of two warehouses and one office building, totaling 201,000 square feet.
Located approximately 2 miles from Union Pacific’s Englewood and Settagast intermodal terminals, with quick access to I-10, and I-620, the property is also conveniently located 15 minutes from downtown Houston and 30 minutes from George Bush Intercontinental Airport.
“Over the last two months, we have acquired 9 buildings totaling close to 1 million square feet of industrial property in Texas. Both people and businesses continue to flock to Texas in droves. Even with the decline in the energy sector, we believe that the state’s economy is sufficiently diverse and will remain one of the nation’s top performing markets for the foreseeable future,” said President and Chief Investment Officer, Sean Dalfen.
Joseph Smith of CBRE represented Lockwood International in the sale leaseback transaction to DAC.
About Dalfen America Corp.
Dalfen America Corporation(DAC) is a leading industrial real estate investment manager and a hands on real estate operator that is focused on acquiring, developing and operating industrial real estate throughout the United States. DAC currently owns and manages millions of square feet of premier commercial properties in the U.S. and in Canada, through its Canadian counterpart, Dalfen’s Limited.