Staff Writer I RE Journals I 12/23/2014
Dalfen America Corp. (“DAC”), a leading owner and operator of industrial real estate, announced today the latest addition to their portfolio in Indianapolis, IN. The acquisition was made through Ashrei II, the firm’s opportunistic industrial fund.
DAC purchased the non-performing mortgage note secured by the Class “A” Indianapolis facility from C3 Special Servicing and subsequently took possession of the asset through voluntary foreclosure.
Located at 5101 Decatur Blvd, the property was built in 1999, and is currently 67% occupied with Lockheed Martin as its primary tenant. The facility lies adjacent to the Indianapolis international airport, within the premier Ameriplex Business Park, which is home to tenants including Pepsico, Allstate and Fedex amongst others.
With an abundance of parking and being positioned directly next to the Indianapolis International Airport, with excellent access to the I70 and Indianapolis’ CBD; the building is well suited to cater to the requirements of tenants both regional and national.
“The addition of this asset to our portfolio, allows us to further increase our footprint in Indy’s airport submarket, which is a critical logistics market for not only the Midwest but from a national standpoint as well. We will continue to actively seek opportunities to strategically grow our presence in and around the Indianapolis metroplex.” Said Sean Dalfen, Managing Principal and Chief Investment Officer.
Over the last 36 months, Dalfen America Corp., through its investment funds and separate account investment vehicles, has transacted on over 75 institutional properties in over 11 states and two Canadian provinces.