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Dalfen/Centerbridge JV Buys in Inland Empire, NJ
The industrial outdoor storage (IOS) joint venture between Dalfen Industrial and Centerbridge Partners, L.P. has acquired two additional coastal IOS properties located in California’s Inland Empire and in New Jersey.
The Riverside property is a 4.1-acre trailer storage yard in a prime Inland Empire location. The venture plans to pave, light, and fence the property to deliver a secure, 24/7 truck parking facility with completion targeted by year-end.
“This acquisition plants our flag in the premier logistics market of the West Coast, with the opportunity to deliver Class A IOS product that is in limited supply and zoned for a high-demand tenant use across Southern California,” said Willis Fries at Dalfen Industrial.
The Old Bridge, NJ asset is 6.9 total acres and is the venture’s first acquisition in the Central New Jersey market. The property is fully leased to two tenants utilizing the site for truck and trailer storage.
- ◦Sale/Acquisition

