Dalfen Completes Strategic Acquisition of Edison Industrial Property

Deal News | Dec 18, 2024 | Dalfen Industrial LLC

Dalfen Completes Strategic Acquisition of Edison Industrial Property

Dalfen Industrial, a leading player in the industrial real estate sector, in collaboration with funds advised by affiliates of Centerbridge Partners, has successfully acquired an industrial property located at 83 Gross Avenue in Edison. The asset, covering 1.87 acres and hosting a 4,500 square-foot industrial building, was obtained through an off-market transaction facilitated by CBRE, involving representatives Mark Silverman, Liam McGregor, and Elli Klapper. The strategic acquisition reflects Dalfen's strategy to strengthen its portfolio in dynamic U.S. markets, offering robust growth potential in the industrial outdoor storage sector. The property's location, near major transport corridors such as the New Jersey Turnpike and I-287, enhances its attractiveness for industrial storage, especially as the facility will be delivered vacant, allowing for immediate utilization. The move underscores Dalfen’s ongoing commitment to expanding its footprint in prime industrial markets, offering enhanced value to its operations and stakeholders.

Sectors

  • Real Estate
  • Industrial Outdoor Storage

Geography

  • United States – The acquired property is located in Edison, New Jersey, part of the U.S., reflecting the strategic importance of the U.S. industrial market.
  • New Jersey – The specific location of the industrial acquisition is in Edison, New Jersey, highlighting the regional focus and strategic value of the location.

Industry

  • Real Estate – The article discusses a significant acquisition in the industrial sector, emphasizing the importance of strategic property transactions in the rapidly developing industrial storage market.
  • Industrial Outdoor Storage – The acquisition is particularly focused on utilizing industrial space for outdoor storage, a niche but growing segment in industrial real estate.

Financials

    Participants

    NameRoleTypeDescription
    Dalfen Industrial LLCAcquirerCompanyA major player in the industrial real estate sector, focusing on acquiring high-quality industrial properties in key U.S. markets.
    Centerbridge Partners, L.P.Advising FundCompanyAn investment management firm whose affiliates advised the funds for part of the acquisition by Dalfen Industrial.
    CBRETransaction ArrangerCompanyA real estate service and investment firm that facilitated the off-market transaction on behalf of Dalfen Industrial.
    Mark Silverman, Liam McGregor, Elli KlapperRepresentative TeamPeopleMembers of the CBRE team who represented Dalfen Industrial in the acquisition process.