Dalfen America Corp. has purchased two industrial properties in Cincinnati and Rogers, Minnesota, totaling about 450,000 square feet.
The Turfway Road Distribution Center, located adjacent to the Cincinnati/Northern Kentucky International Airport, is a 165,515-square-foot shallow-bay warehouse and distribution facility built in 1990. The 24-foot clear facility is currently 45 percent occupied, and was purchased through an off-market transaction directly with the seller.
The I-94 Distribution Center, built in 1999, is a 297,756-square-foot multi-tenant industrial property in the Northwest submarket of Minneapolis. Currently 94 percent occupied and home to tenants including Guardian Building Products and others, the property fronts I-94 and sits near the new FedEx Ground facility.
Pete Rand, executive director of Cushman & Wakefield/NorthMarq, arranged the transaction on behalf of the seller.
