Sean Dalfen, chief investment officer and managing principal, said he was impressed by the region’s job growth, attractive lifestyle, low vacancy rates and cluster of universities and technology companies.

“The market is on fire,” he said.

Dalfen America’s target is to own more than 1 million square feet of industrial space in the Triangle within 12 months.

That would include two warehouse buildings it recently acquired at 5101 and 5151 Nelson Drive in Morrisville that encompass 165,000 square feet. The buildings sold for $2.65 million and $3.5 million respectively, according to Wake County real estate records.

One of the buildings is 100 percent leased and the other is 55 percent leased, according to Dalfen America.

Dalfen America plans to “significantly renovate” the properties to bring them up to Class A standards. But Dalfen declined to say how much the company planned to invest.

The Dalfen group of companies has its Canadian headquarters in Montreal and a U.S. headquarters in Dallas. Through its Canadian arm, Dalfen’s Limited, it owns millions of square feet of commercial space in the U.S. and Canada.

“Over the last month, we have closed $70 million in deals,” Dalfen said.