According to reports, real estate investment company Dalfen Industrial recently acquired another property in West Palm Beach. This purchase comes just after a massive procurement of another West Palm Beach industrial property. Here is more on Dalfen Industrial acquiring more property in West Palm Beach:
Who is Dalfen Industrial?
According to its website, “Dalfen Industrial is a real estate investment manager focused on industrial properties in key markets throughout the U.S. and Canada.” The company acquires, develops, and manages, commercial properties. Dalfen focuses on purchasing high-quality industrial warehouses, logistic centers, multi-tenant business parks, and manufacturing facilities in strategic locations. Dalfen Industrial’s website states that it remains one of the most active industrial property buyers, with over $1 billion in real estate transactions completed.
Dalfen Industrial in West Palm Beach
Dalfen recently acquired an industrial property in West Palm Beach to develop the Blue Herron Logistics Center. Located at 1077 W. Blue Heron Boulevard, the Class B Industrial building is 152,052 square feet and is 1.8 miles from I-95 and 5 miles from the Florida Turnpike. Dalfen acquired the property in June 2020.
In late July 2020, it was reported that Dalfen also acquired 3774 Interstate Park Road North in West Palm Beach, Florida. The property which would become the Interstate Park Logistics Center is a 204,900 square foot Class A building. Located in Riviera Beach, Florida, this property was built in 1996 for Serta Simmons, its current tenant. This industrial structure is close to Palm Beach International Airport and the Port of Palm Beach. PepsiCo, Walgreens, Coca Cola, and UPS also have fulfillment centers near this location.
According to a recent report, the Interstate Park property is ideal for meeting the South Florida market’s e-commerce fulfillment needs. The location provides close access to almost one million people and is approximately two hours away from over six million others. With this proximity, the facility is positioned to serve one of the country’s most affluent demographic areas.
Dalfen Industrial has identified West Palm Beach as an ideal acquisition location. The area’s population is expanding, and all of South Florida’s main metropolitan communities can be accessed from this location. Mike Solis, Southeast Market Officer at Dalfen Industrial, identified South Florida as a critical target market for the company. When asked about the recent West Palm Beach acquisition, Sean Dalfen, President and CIO at Dalfen Industrial remarked: “Our aim is to build one of the nation’s foremost last-mile industrial real estate portfolios, and this asset exemplifies the criteria that we are looking for regarding both construction and ideal location.” Dalfen added, “We love the fundamentals of the South Florida market, and West Palm Beach in particular, with its growing population, natural barriers to entry and business-friendly environment. Dalfen will continue to expand our footprint in the area.”
Contact the Board-Certified Florida Real Estate Attorneys of Rabideau Klein
At Rabideau Klein, David E. Klein, Esq. and Guy Rabideau, Esq. are dedicated, Florida Bar Board-Certified Real Estate Attorneys with the Palm Beach County expertise and experience you need to ensure that your interests are protected throughout your real estate matter in the Town of Palm Beach. Contact Rabideau Klein today to discuss your Palm Beach area real estate legal needs.