Starwood Acquires Warehouse Assets from Goldman, Dalfen for $685 Million
Deal News | Apr 09, 2025 | Dalfen Industrial LLC
Starwood Capital Group has sealed a deal to acquire a warehouse portfolio from Goldman Sachs and Dalfen Industrial for approximately $685 million. The portfolio comprises 38 advanced distribution centers strategically located in major U.S. metropolitan areas such as Dallas, Atlanta, Nashville, and Austin. This acquisition underscores the rising demand for 'last-mile' logistics facilities due to the e-commerce boom. Despite the sale, Dalfen Industrial will retain operational responsibilities for the portfolio. This move aligns with the broader industry focus on enhancing nearshoring efforts to bolster supply chains. Eastdil Secured acted as the advisory entity for the sellers.
Sectors
- Real Estate Investment
- Logistics and Supply Chain
Geography
- United States – The warehouses are located in major U.S. markets like Dallas, Atlanta, Nashville, and Austin.
Industry
- Real Estate Investment – The article discusses the acquisition of warehouse properties, which falls under the real estate investment category.
- Logistics and Supply Chain – The properties are highlighted as key logistics hubs, supporting the booming e-commerce supply chain needs.
Financials
- 685,000,000 – Transaction value of the warehouse portfolio acquisition by Starwood Capital Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Starwood Capital Group | Bidding Company | Company | The company acquiring the warehouse portfolio from Goldman Sachs and Dalfen Industrial. |
| Goldman Sachs Group Inc. | Selling Company | Company | One of the original owners of the warehouse portfolio being sold. |
| Dalfen Industrial LLC | Selling Company | Company | Co-owner of the warehouse portfolio and retains operational responsibilities post-sale. |
| Wilson Sporting Goods, Amazon.com Inc., Walgreens Boots Alliance Inc., Kroger Co. | Tenants | Company | These companies are tenants occupying the warehouses purchased by Starwood. |
| Eastdil Secured | Legal/Financial Advisor | Company | Represented Goldman Sachs Group and Dalfen Industrial in the transaction. |
| Jones Lang LaSalle Inc. | Industry Analyst | Company | Provided insights about the growth of e-commerce and the logistics industry. |
| Sean Dalfen | Executive | Person | Chief Executive Officer of Dalfen Industrial LLC, involved in the transaction. |