#United States #Dalfen Industrial #New Jersey Warehouse #Class A Facility #Lumberton

Dalfen Industrial's Strategic Move in Northeast

In a significant advancement for its Northeast operations, Dalfen Industrial, recognized as one of the largest privately owned industrial real estate firms in the United States, has announced the acquisition of a 219,123-square-foot Class A warehouse located in Lumberton, New Jersey. This off-market deal reflects the firm’s committed strategy to enhance its industrial portfolio in key logistic regions throughout the Northeast.

A Prime Location for Logistics

The Lumberton property, part of Burlington County, recently completed in 2023, features a modern design equipped with a clear height of 40 feet and an impressive 16,000 door-to-floor ratio with 35 loading positions. The warehouse’s layout is strategically designed to accommodate both single and multi-tenant occupancy, making it an adaptable option for various tenants' needs.

Following the closing of the acquisition, Dalfen plans to establish approximately 2,500 square feet of office space within the facility. This development aims to provide prospective tenants with a move-in ready opportunity, further enhancing the property's appeal in the competitive market.

Burlington County has increasingly gained a reputation as a regional logistics hub, attracting prestigious Fortune 500 companies and third-party logistics providers. The area is home to notable neighbors including major corporations like Amazon, CVS, Ikea, Target, NFI, and Grainger. This ambiance of robust industrial activity makes it a desirable location for businesses seeking operational efficiency and cost-effectiveness.

Strategic Connectivity and Accessibility

The facility benefits from its prime position along NJ-38 and its proximity to critical transportation routes, including Route 206 (less than 2 miles), NJ Turnpike Exit 5 (under 7 miles), and I-295 (less than 8 miles). This connectivity facilitates efficient transport times to major destinations, such as Philadelphia (approximately 30 minutes), the Port of New York and New Jersey (around 60 minutes), and New York City (about 90 minutes).

Keith Hontz, the Northeast Market Officer for Dalfen Industrial, expressed enthusiasm about this addition to their portfolio, stating, "We’re pleased to add this building to our growing Northeast portfolio. The building's functionality, with its 40-foot clear height and flexibility, offers cubic storage efficiencies and caters to tenants of varying sizes. This aligns seamlessly with our focus on last-mile properties in Central and Northern New Jersey."

Dalfen Industrial's Growth Vision

Headquartered in Dallas, Texas, Dalfen Industrial is a leader in the last-mile industrial property market, managing a diverse portfolio exceeding 50 million square feet. Their investment strategy heavily focuses on strategically situated infill warehouses and distribution centers. In the Northeast region alone, Dalfen currently oversees approximately 4 million square feet while also having 1.3 million square feet under contract, including a notable 500,000 square feet currently in development.

This acquisition marks another leap forward in Dalfen’s mission to strengthen its foothold in regional markets and effectively respond to the demands of an evolving logistics landscape.

As the industrial real estate market continues to flourish, Dalfen Industrial is poised to leverage its strategic expansions to cater to the evolving needs of its clientele, ensuring flexible solutions and efficient logistics operations across the Northeast.