July 31, 2020 Comments (0) Views: 608 Texas News, Top Texas

Dalfen Partners with Goldman Sachs on Multi-State Industrial Deal

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Dallas-based Dalfen Industrial will partner with Goldman Sachs Merchant Banking Division on a 46-property last-mile industrial portfolio. Financial terms of the partnership weren’t disclosed.

The portfolio of more than 6.3 million square feet caters to e-commerce-oriented tenants, near major population centers and/or key logistics corridors. These markets include Atlanta, Dallas, Chicago, Orlando, Phoenix, Raleigh, Houston, Tampa, Baltimore, Minneapolis, Cincinnati, Columbus and Jacksonville.

With 94% occupancy and an average property size of 126,000 square feet, the portfolio is home to tenants including Amazon, Frito Lay, Brinks, Central Garden & Pet, Pods, and Sherwin Williams.

“With the exponential growth of e-commerce, especially in the wake of COVID-19, these last mile properties are more important than ever,” said Sean Dalfen, president and CIO. “The partnership with Goldman Sachs allows us to offer the distribution and fulfillment center properties needed to meet that demand.”

Pictured: McKinney Fulfillment Center, part of the Dalfen/Goldman Sachs portfolio.

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