Dalfen Industrial, together with funds advised by affiliates of Centerbridge Partners, L.P., acquired 83 Gross Avenue, a 4,500 sq.-ft. industrial property on 1.87 acres of land in Edison. Dalfen, one of the nation’s largest buyers of industrial real estate focused on high-quality industrial properties in key markets, acquired the property and site with Centerbridge in an off-market transaction. Dalfen and Centerbridge will utilize the site for Industrial Outdoor Storage.
The transaction was arranged by the CBRE team of Mark Silverman, Liam McGregor and Elli Klapper represented Dalfen Industrial in direct negations with the seller.
“This property presented our client with a unique and rare opportunity to acquire an off-market, highly sought-after IOS asset situated in one of the most dynamic and active industrial markets in the Tri-State area,” Silverman said. “This strategic acquisition not only enhances Dalfen’s portfolio but also positions the company for significant growth in a thriving sector.”
Dalfen and Centerbridge were attracted to the property due to its proximity to the New Jersey Turnpike (I-95) and I-287, two major northeast corridors. The site is ideal for outdoor storage and features a functional industrial building that is being delivered vacant by the seller.
