Dallas-based Dalfen Industrial on Tuesday said it acquired Thornton Logistics Center, a 92,400-square-foot last-mile industrial building located in Oakland. The acquisition was sourced off-market through JLL.
Situated within the 1.7 million-square-foot master-planned Oakland Industrial Park, Thornton Logistics Center is located proximate to Interstates 287 and 80 with immediate access to local thoroughfares Route 202, Route 23 and the Garden State Parkway, allowing for efficient movement throughout the region, specifically catering to the New York City metro.
The building is ideally configured for single or multitenancy, given its efficient rectangular layout, auto and truck parking and 22-foot clear height. Currently, the building is fully leased.
“The strategic location of Thornton Logistics Center and its flexible building design and characteristics, makes this property a perfect addition to our growing New Jersey portfolio,” Keith Hontz, market officer, said.
“This acquisition is Dalfen Industrial’s fourth in central (and) northern New Jersey since May 2023,” Mike Cohen, head of U.S. acquisitions, said. “As arguably one of the most significant and competitive industrial markets in the country, Dalfen is focused on continuing to grow its New Jersey portfolio.”
