DALFEN INDUSTRIAL EXPANDS MIDWEST PRESENCE WITH LAST MILE CHICAGO-AREA PROPERTY
(Dallas, TX) – Dalfen Industrial announced the purchase of a 174,300 square foot industrial facility at 1103 Butterfield Road in Aurora, IL. The facility was built in 2004 and has features sought after by the modern e-commerce and distribution tenants, including immediate access to the I-88 Expressway.
Butterfield Logistics Center is well positioned in the I-88 industrial submarket, one of the top five (5) distribution corridors in the Chicago market.
“This acquisition adds another great property to our Midwest portfolio,” said Mike Nelligan, Midwest Market Officer. “With high demand in the I-88 submarket and consistent rent growth, Butterfield Logistics Center is an excellent addition to our portfolio.”
Brendan Sheahan and Nick Krejci of Darwin Realty / CORFAC International introduced the opportunity to Dalfen Industrial, facilitated the acquisition, and are leading marketing efforts to lease the building.
“Expanding our Midwest portfolio with Butterfield Logistics Center adds another last mile location in the largest industrial market in the country,” said Sean Dalfen, President and Chief Investment Officer. “Strong tenant demand for modern space near end consumers and labor has helped keep vacancy low and rent growth climbing in this area. We will continue expanding our Chicago assets as it’s a key market in our portfolio.”
Over the last 12 months, Dalfen Industrial has transacted on $1.7 billion of real estate in the United States.