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Phoenix & Southwest  + Southwest  + Industrial  | 
Meridian secures $52.9M acquisition loan for Dalfen industrial buy

Dalfen Uses $52.9M Acquisition Loan to Buy Sparks Industrial Asset

Meridian Capital Group arranged $52.9 million in financing for the acquisition of a class-A industrial building in Sparks, NV. The loan was provided by a debt fund and was sourced by a Meridian team led by Morris Betesh. Dalfen Industrial was the buyer.

Located at 75 Pittsburg Avenue in Sparks, NV, the new construction, class-A industrial warehouse spans 489,440 square feet. The property benefits from its close proximity to the Reno-Tahoe International Airport as well as the Reno Transportation Rail Access Corridor (reTRAC). 

In 2022, Meridian closed more than $55 billion in financing across more than 310 unique lenders. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California.

Dalfen says its places a special emphasis on last-mile facilities critical to e-commerce fulfillment. 


Inside The Story

Meridian CapitalDalfen Industrial

About Mike Boyd

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.

  • ◦Sale/Acquisition
  • ◦Financing
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