Dalfen Industrial Expands Footprint with Key Las Vegas Acquisition
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Dalfen Industrial Expands Footprint with New Acquisition
Dalfen Industrial has made headlines by acquiring an impressive industrial property in the thriving Southwest submarket of Las Vegas. This strategic move significantly enhances Dalfen's presence in the region, marking an important step in its expansion plans.
About the Recent Acquisition
The latest acquisition features the West AB Business Center, a substantial facility spanning 43,600 square feet. This prime location offers excellent connectivity, with immediate access to major transportation routes including the Strip, I-15, and I-215 freeways. It is also conveniently located near the local airport.
Significant Location Benefits
Situated in one of Las Vegas' top-performing industrial areas, the West AB Business Center benefits from proximity to not only major highways but also notable tenants like FedEx and Sunbelt Rentals, as well as various service businesses catering to the vibrant Las Vegas Strip.
Market Insights and Leadership Statements
“Strong demand drivers in the Las Vegas area, combined with a limited supply of competitive industrial properties, make this acquisition a pivotal addition to our portfolio,” commented John Endres, Dalfen's Market Lead for the area. He emphasized the robust demand for functional industrial spaces below 50,000 square feet throughout the nation.
Commitment to Growth
Rich Weiss, Regional SVP of the West Region, echoed Endres' sentiments, stating, “Our ongoing acquisitions in Las Vegas reflect our confidence in the market's fundamentals. We plan to continue focusing on acquiring and developing vital last-mile properties here.” This is part of a broader strategy aimed at reinforcing Dalfen's commitment to growth in the region.
Dalfen Industrial's Overall Operations
With this recent acquisition, Dalfen Industrial now oversees over 2.6 million square feet of industrial space within the state. The company is recognized as one of the largest privately-owned industrial real estate firms in the country, leading initiatives in the last-mile property segment. Its strategic focus on urban infill warehouses and distribution facilities has resulted in a portfolio exceeding 55 million square feet of premier industrial properties nationwide.
About Dalfen Industrial
Headquartered in Dallas, Dalfen Industrial is at the forefront of the industrial real estate sector, dedicated to meeting the needs of modern logistics and distribution demands. The company's extensive footprint and leadership in the market position it favorably for future ventures and expansions.
Frequently Asked Questions
What property did Dalfen Industrial acquire in Las Vegas?
Dalfen Industrial acquired the West AB Business Center, a 43,600 square foot facility in Las Vegas's Southwest industrial submarket.
What are the benefits of the new acquisition's location?
The West AB Business Center offers immediate access to major highways and proximity to notable businesses, enhancing its appeal and utility.
How does this acquisition affect Dalfen's market position?
This acquisition significantly expands Dalfen's footprint in Las Vegas, reinforcing its market commitment and operational capacity in the region.
Who are the key figures at Dalfen Industrial commenting on this acquisition?
John Endres, Dalfen's Market Lead for Las Vegas, and Rich Weiss, Regional SVP of the West Region, both highlighted the strong demand and growth potential associated with the recent acquisition.
What are the company's future plans following this acquisition?
Dalfen Industrial intends to continue acquiring and developing last-mile properties across the market, driven by a strong belief in the fundamentals of the region.
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