Dalfen Industrial has completed the acquisition of five industrial outdoor storage (IOS) sites along the West Coast, including properties in Northern and Southern California as well as Washington State. The assets were acquired in a venture with Centerbridge Partners, L.P. that is rapidly expanding its portfolio within infill industrial markets with proximity to ports and key logistics infrastructure.
In separate transactions, Dalfen acquired two properties in Hayward: 847-877 Industrial Pkwy. and 23422 Clawiter Rd. In Southern California, Dalfen acquired a fully paved and fenced yard at 12371 Los Nietos in Santa Fe Spring. Dalfen also acquired two IOS sites in Washington: 214 21st St. SE in Auburn and 8328 S. Tacoma Way in Lakewood.
“These acquisitions fit the mold of our strategy of targeting coastal infill markets and demonstrates our ability to craft and execute a business plan,” said Rich Weiss, regional SVP at Dallas-based Dalfen. “As illustrated by the leasing velocity, these markets continue to see strong demand in this size range, and we’ll continue to target comparable sites throughout Northern California, SoCal, Seattle and other select western metros.”
