DALLAS, June 26,
2024 /PRNewswire/ -- Dalfen Industrial has finalized
the disposition of two Denver-area
assets totaling ~150,000 square feet of industrial space in
April 2024.
I-70 Industrial Center was acquired by Dalfen Industrial in
August 2019. The industrial center
consists of 2 light industrial-warehouse buildings totaling 77,222
SF located in Denver, CO. The
property is located in the Upper North Central Industrial Submarket
directly off I-70 and just a quarter of a mile from I-25, the
region's two major highways. It's also in close proximity to
Denver International
Airport as well as both the BNSF and Union
Pacific Rail Yards. During its ownership Dalfen made strategic
upgrades and was able to meaningfully increase NOI. This sale was
arranged by CBRE and purchased by Armstrong Capital
Development, a Denver based real
estate fund operator. Other tenants in the area are Fedex Home
Delivery and Amerisource Bergen.
Aurora Center I was acquired by Dalfen Industrial in
April 2020. It is a 75,000 Class A
industrial building in Aurora, CO.
This location is ideal for last mile distribution as it is situated
nearly halfway between Downtown
Denver and Denver
International Airport with great access to Interstate 70 and in
close proximity to other major metro arteries Interstate 225, State
Highway 470, Interstate 270 and Interstate 25. The 2003 build
features side and rear-load building constructed in 2003 with a
fully gated, secured truck court, trailer parking, and additional
land on the east side of the building that could be used as
additional trailer parking or as a potential 30,000 SF building
expansion. This property was purchased by Wanko, a design,
engineering and manufacturing firm through a marketing campaign
successfully executed by Cushman & Wakefield. Other tenants in
the area are U-Haul and DHL.
"We felt the quality and relatively smaller size of these deals
would be well received, and when combined with a lack of
competitive offerings, the timing of the sale was ideal,"
said John Block, Dalfen's
Market Lead for Denver.
Rich Weiss, Dalfen Industrial's
Senior Vice President for the Western U.S. region, added, "On the
heels of these successful exits, we're actively seeking to grow our
presence in Denver via the
acquisition of buildings, development sites and IOS
properties."
Dalfen Industrial currently owns and operates over 55 million
square feet of industrial space in the
United States.
About Us
Dalfen Industrial LLC, headquartered in Dallas, is one of the largest privately owned
industrial real estate firms in the
United States and is a leader in the last-mile property
sector. Their investment focus is on strategically located urban
infill warehouses and distribution buildings. Dalfen owns and
operates over 55 million square feet of premier industrial
properties throughout the United
States. For more information, please
visit www.dalfen.com.
Media Contact:
emorley@dalfen.com
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SOURCE Dalfen Industrial