Goldman Sachs’ merchant banking division and Dalfen Industrial purchased 10 last mile properties. The recent acquisitions include three buildings Fort Worth and another three in the San Antonio metro, in addition to assets in Charlotte, Denver and West Palm Beach.
The partnership between Dalfen Industrial and Goldman Sachs now sits at 52 properties totaling 7.13 million square feet in 19 major U.S. markets and in 10 states. Terms of the transaction were not disclosed.
The Mark IV Commerce Center is a newly constructed, three-building, 1,025,500-square-foot industrial park in Fort Worth, Texas. At the major intersection of I-35 and I-820, these assets are located in one of the fastest growing submarkets in the DFW metroplex. Mark IV is in close proximity to three airports—Dallas-Fort Worth International Airport, Alliance Airport and Meacham International Airport.
The other three Texas assets are located in Schertz, Texas, a rapidly growing submarket of San Antonio. Located between the San Antonio and Austin MSAs, these last mile locations allow tenants to service 3.5 million people. Built in 2016, Tri-County 5 and 7 total 211,950 square feet. Built in 2018, Schertz Distribution Center is a 187,288-square-foot property within a mile of the Tri-County properties. The three Schertz properties are almost 80 percent occupied at time of acquisitions including tenants such as Brinks and TJ Maxx.
“Dalfen Industrial is excited about the expansion of our partnership with Goldman Sachs with the addition of eleven more best-in-class, last mile industrial properties in key markets,” said Sean Dalfen, president and chief investment officer at Dalfen Industrial.