Starwood Capital Group has acquired a portfolio of 38 warehouses for $685 million. This transaction, finalized earlier this month, reflects the increasing demand for facilities that can support the rapid growth of e-commerce and evolving supply chain strategies.
The portfolio, previously owned by Goldman Sachs Group and Dalfen Industrial, comprises properties spread across major metropolitan areas, including Dallas, Atlanta, Nashville, and Austin. These locations are crucial hubs for distribution, offering proximity to large consumer bases and key transportation networks. Eastdil Secured brokered the deal.
Sean Dalfen, CEO of Dalfen Industrial, told Bloomberg that the warehouses are currently 89% leased. The tenant roster includes e-commerce giant Amazon, grocery chain Kroger, pharmacy retailer Walgreens Boots Alliance, and sporting goods manufacturer Wilson Sporting Goods.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
