investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=114082976">Dalfen America Corp. (DAC) announced the acquisition of a “Class A” institutional quality cross-dock distribution center, located in Marion, Illinois.
Built in two phases in 2000 and 2001, and totaling over 1M square feet, the concrete tilt-up industrial property has 35’ clear ceiling heights, 10K square feet of office and a total of 108 dock-high loading doors. The Marion facility, which was developed at a cost of $30M, was formerly occupied by Circuit City. Asset Management.
Sean Dalfen, DAC’s Executive Managing Director, explains, “We are collaborating with the local government in order to do everything we can to attract a major employer to the city of Marion.” He continues by saying that “…this is a great value-added proposition for employers due to Marion’s excellent location, skilled workforce, lower labor rates.”
“Given ability to access over 120M people within a twelve hour drive, from a logistics standpoint, this building is extremely well located” suggests Robert Kurlender, Dalfen America Corp’s Director of Acquisitions. He goes on to add “looking at a 300 mile radius, the lack of existing buildings in the 1M square foot range coupled with strong market demand for this type of space, makes me believe this particular project will undoubtedly be a success.”
DAC has become one of North America’s most active buyers of industrial real estate, having transacted on 37 buildings and 2 million square feet of prime development land, over the past 18 months. Through their 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., 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
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/8/prweb9804134.htm