Dalfen Industrial Buys 1.38M Sq Ft Warehouses for $208M

Dalfen Industrial acquired a 19-property, 1.38 million-square-foot U.S. industrial portfolio for $208 million from Mapletree Investments. The assets are located across Dallas, Chicago, Indianapolis, and Cincinnati, including infill submarkets such as Plano, Valwood, GSW, O’Hare, Park 100, and Fairfield/Westchester.

The portfolio is 93% leased to 48 tenants and has a weighted average lease term of approximately three years. Dalfen Industrial said the deal was completed below replacement cost, and it now owns and operates approximately 8.8 million square feet across the four markets.