Dalfen Industrial Acquires Lumberton Logistics Center for $34.3M

Dalfen Industrial LLC, a Dallas-based firm specializing in warehouses and distribution centers, has acquired the Lumberton Logistics Center in New Jersey for $34.3 million. The 219,123-square-foot building, developed by Active Acquisitions, was sold by Pangea Mortgage Capital, who took back the property due to the developer's financial issues. The facility boasts features catering to last-mile distribution, with flexible usage options for different tenants, and plans include constructing a 2,500-square-foot office. The acquisition fits Dalfen Industrial's strategy to acquire properties in high barrier-to-entry zones, further expanding their substantial Northeast presence. Recent trends show a resurgence in industrial activity, amplifying the property's strategic value.