Dalfen Industrial has acquired a distribution facility, the Peachtree Distribution Center, from Clarion Partners at 17745 Lookout Rd in the East Dallas suburb of Mesquite, TX.
This industrial property is a 396,750 square foot cross-dock, multi-tenant distribution facility with a minute drive of I-635 – the loop around Dallas – as well as I-30, I-80 and the Mesquite Airport.
Constructed in 2001, the property has the characteristics that make it an ideal e-commerce last mile distribution facility including 68 docks and ample car and trailer parking space. The property is 100% leased to three internationally recognized tenants Dal-Tile Corp., Parker-Hannafin Corp. and Bronco Orora.
The East Dallas/Mesquite industrial submarket is a longstanding transportation center and is home to one of Dallas-Fort Worth’s major intermodal hubs for industrial development, attracting the undeniable attention of institutional investors and large-cap companies.
“Adding Peachtree to our other two properties in the submarket (as well as one large property under development), Dalfen views this submarket as a perfect last mile location to service the rapidly growing north and east Dallas suburbs,” said Kevin Caille, Market Officer for Dalfen.
“This acquisition is squarely within our strategy of focusing on infill in key markets,” said company President and Chief Investment Officer, Sean Dalfen.
“Dallas/Fort Worth has one of the strongest industrial markets in the nation, and the East/Dallas Mesquite submarket is one of the best due to location, workforce, and proximity to major highways.”