Dalfen America Corp sells USD20m of properties in Arizona and Florida
Dalfen America Corp (DAC) has sold 495 Warner Commerce Park, an industrial property in Phoenix, Arizona, and Bayside Bridge Plaza, a Publix-anchored retail centre in Clearwater, Florida.
495 Warner Commerce Park was acquired in May 2012 from US Bank. Evan Koplan and Mike Parker of Colliers International represented DAC in the subsequent sale. The property was sold to a popular regional brewing company.
Built in 2008, the industrial property at 495 W. Warner Rd totals 35,500 square feet, has 24’ clear heights, a fully fenced yard, a double truck well and 2 grade level loading doors. The property is situated near Superstition Freeway.
Robert Kurlender, director of acquisitions, says: “Our success with 495 Warner is a direct result of our ability to identify and capitalise on the lack of functional, high quality stand-alone user buildings in the SE Valley.”
“We absolutely love the Phoenix market; it has literally all the fundamental market drivers that are important to us from an investment stand point. We hope to triple the number of industrial assets we own there over the next 12 months,” says Sean Dalfen (pictured), chief investment officer.
Bayside Bridge Plaza, a 91 per cent leased, 172,700 square-foot grocery-anchored shopping centre was sold to Florida based Isram Group. Casey Rosen and Nikolas Kozy of CBRE Private Equity Group represented DAC in the sale. The sale is part of DAC’s strategic shift to focus its activities primarily on the industrial and distribution sectors.
Over the past 18 months, DAC has transacted on 41 buildings across the US and Canada, making it one of North America’s most active buyers of opportunistic and value-added industrial properties and loans.
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