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Goldman Sachs Buys Into E-Commerce Warehouse Play with Dalfen Industrial

DALLAS– (Realty News Report) – Goldman Sachs Group’s merchant banking division is investing in a portfolio of 46 last-mile distribution buildings, partnering with Dalfen Industrial of Dallas.

The 6.3 million SF portfolio caters to e-commerce-oriented tenants in major population centers and/or key logistics corridors. The portfolio provides distribution and fulfillment space in numerous major MSA’s such as: Houston, Dallas, Atlanta, Chicago, Orlando, Phoenix, Raleigh, Tampa, Baltimore, Minneapolis, Cincinnati, Columbus, Reno and Jacksonville.

“With the exponential growth of e-commerce, especially in the wake of COVID-19, these last mile properties are more important than ever,” said Sean Dalfen, president and CIO. “The partnership with Goldman Sachs allows us to offer the distribution and fulfillment center properties needed to meet that demand.”

Included in the $500 million portfolio is a 201,000-SF warehouse in northeast Houston, near Wallisville Road.

Thee portfolio, with 94 percent occupancy and an average property size of 126,000 SF,  is home to major tenants such as AmazonFrito LayBrinksCentral Garden & PetPods, and Sherwin Williams.

In Houston, the industrial market is the one of the strongest sectors in commercial real estate.  Construction has been robust with 14.8 million SF under construction in the second quarter, Colliers International reports.

“There is a massive amount of equity liquidity in the market right now, specifically looking to acquire both value-add and stabilized industrial properties to add to their respective portfolios,” according to Jason Tangen, a vice president at Colliers International in Houston.


Aug. 3, 2020 Realty News Report Copyright 2020


File: Goldman Sachs File (2) Goldman Sachs Buys Into E-Commerce Warehouse Play with Dalfen


 

 

 

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