Dallas-based Dalfen Industrial has acquired a 19-property, 1.38 million-SF industrial portfolio across Dallas, Chicago, Indianapolis, and Cincinnati from Singapore-based Mapletree Investments in a $208 million deal.
[Image: DI Management LLC]
The portfolio includes 13 properties in metro Dallas, four in Chicago, and one each in Indianapolis and Cincinnati, located in infill submarkets including Plano, Valwood, GSW, O’Hare, Park 100, and Fairfield/Westchester. The assets are 93% leased to 48 tenants and have a weighted average lease term of approximately three years, Dalfen said.
Dalfen said the deal was completed below replacement cost, “highlighting continued pricing dislocation in segments of the logistics real estate market.”
Dalfen President and CEO Sean Dalfen said the deal gives his company “immediate scale in high-conviction infill submarkets where demand remains durable and leasing spreads continue to reprice.”
“We continue to see opportunities to acquire well-located logistics assets at pricing that does not reflect replacement cost or forward rent potential,” he added in a statement.
The industrial portfolio serves tenants including Cummins Inc., Techcess Solutions, WM Coffman Resources, and Legacy Foods Manufacturing, with proximity to major distribution nodes used by companies including Target, FedEx Freight, and Amazon, Dalfen noted.
With the acquisition, Dalfen said it now owns and operates around 8.8 million square feet across the four markets.
Dalfen Industrial is a leader in last-mile industrial real estate, and says it is “one of the largest privately held industrial firms in the United States.” The company specializes in strategically located infill warehouses and distribution centers, with a total portfolio exceeding 60 million square feet.
Follows $293M acquisition in January 2025
In January 2025, Dalfen and New York-based Goldman Sachs Alternatives acquired a 21-building portfolio of infill logistics properties in several states for $293 million. The two companies had worked together since 2020, focusing on last-mile industrial properties and distribution centers.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
North Texas has plenty to see, hear, and watch. Here are our editors' picks. Plus, you'll find more selections to "save the date."
-
![Social entrepreneur Byron Sanders, a former nonprofit exec, is CEO of Arete Health, launched in January 2025. [Photo: Michael Samples]](https://s24806.pcdn.co/wp-content/uploads/2025/10/27_ByronSanders-STEM-STEAM-STREAM-970_courtesy_Oct2019-1.jpg)
Creatives Care Dallas brings virtual care, behavioral health, 2,000+ medications with zero copay, and more to Dallas County's gig workers. The community initiative is powered by Arete Health Shield in partnership with the Dallas Music Office.
-
North Texas Innovation Is Boundary‑Breaking. Nominations for the Awards That Prove It Close Sept. 12D CEO and Dallas Innovates have expanded The Innovation Awards 2026 with more individual and company categories this year. Now is your chance to be part of the region’s defining recognition for innovators.
-
A familiar figure in Dallas arts, civic innovation, and public service, Cuellar will succeed longtime CEO Tony Fleo following a months-long search as Social Venture Partners Dallas plans its next 25 years.
-
Data scientist Anmolika Singh put Dallas on the global AI Tinkerers map. At the first meetup, more than 30 pros—founders to Fortune 500 technologists—showed up to trade ideas, projects, and solutions.
