Dalfen Bolsters Central PA Presence with Two-Building Portfolio
Dalfen Industrial acquired a two-building, 572,800-square-foot portfolio in the I-78/I-81 corridor of Pennsylvania. Seller and pricing weren’t disclosed.
The portfolio includes buildings in Lancaster and Elizabethtown, PA. The 252,800-square-foot Lancaster property (601 Stony Battery Rd.) is newly built. The 320,000-square-foot Elizabethtown property (35 Conewago Rd.) was built in 2018.
“The fundamentals of this market and location near multiple major cities such as New York City, Philadelphia, Baltimore, and Washington, DC make these assets a great fit for our portfolio,” said Sean Dalfen, president and CIO. “In addition to the proximity to major cities, the great workforce demographics, accessibility to major highways, and robust demand in the area further substantiate the strategic fit of these properties.”
Lee & Associates of Eastern Pennsylvania’s Robert Yoshimura and Joseph Hill brokered the transaction.
With this acquisition and a development in Lehigh Valley, Dalfen owns and operates close to two million square feet in Pennsylvania.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).