Tuesday , 27 September 2016
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Canadian Investor Buys Industrial Buildings on Texas/Mexico Border

Dalfen bought industrial properties on Texas/Mexico border.

Dalfen bought industrial properties on Texas/Mexico border.

McAllen, Texas – Canadian investor Dalfen America Corp., purchased four industrial buildings in the 1,200-acre Sharyland Business Park in McAllen, near the Texas/Mexico border.

The portfolio consists of 635,752 square feet and is 89 percent occupied.

JLL Capital Markets managing director Randy Fleisher, who arranged a $60 million credit facility for Dalfen through Bank of America, said foreign investors are leading a trend focused on buying large-scale industrial portfolios.

Large-scale portfolio acquisitions are propelling the industrial real estate market to record-breaking numbers in 2015 and foreign investors are leading that charge, JLL reports.

The industrial sector is one of the strongest in the country right now, as cross-border purchases grow to record numbers.  Warehouse and distribution facilities, in particular, are extremely desirable, said Fleisher.

“With this credit facility, our company has closed in the range of $200M in loans with Randy, and I can unequivocally state that he and his team at JLL, are simply best in class, ” said Sean Dalfen, President and Chief Investment Officer, Dalfen America Corp. “Bank of America has also been terrific to work with and we look forward to getting many more deals done with them in the near future.”

Dalfen America Corp. is an investment arm of the Dalfen Group, a private equity real estate firm headquartered in Montreal, Canada with regional offices in Orlando, Dallas, Tampa and Las Vegas. Through its investment funds, separate accounts, and strategic joint ventures, DAC acquires and manages commercials properties and securities throughout North America.

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