Dalfen Secures $90.6M Loan for 1 Million SF Houston Business Park
Affinius Capital – formerly Square Mile Capital Management and USAA Real Estate – originated a $90.6 million loan to facilitate the acquisition of a four-building, one-million-square-foot industrial park in Houston, TX. The loan was made to a joint venture sponsored by Dalfen Industrial, a last-mile logistics facilities owner.
Affinius Capital Managing Director Tom Burns commented, “As Port of Houston continues to expand, the demand for high-quality industrial buildings grows to allow the sponsor to execute its business plan successfully. Tenants are attracted to the project due to its accessibility to the Houston Metro region and the strengthening demographics of its rooftop growth.”
Located on Fairbanks North Houston Road,the buildings each contain highly sought-after features such as 32’ clear heights, 180’ – 185’ truck courts, and are located with excellent accessibility to Highway 290 and Beltway 8.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.