Dalfen America Corp., a private equity firm specializing in real estate and real estate-related investments, has acquired the corporate headquarters and distribution facilities of Lockwood International in Houston in a sale-leaseback deal. Joseph Smith of CBRE represented Lockwood International in the sale-leaseback transaction; terms of the deal or a sale price were not disclosed. The three-building portfolio includes two warehouses and one office building totaling over 201,000 square feet.
"In Texas, our current holdings and active development projects total approximately 3.5 million square feet," Dalfen America Corp. president and chief investment officer Sean Dalfen told GlobeSt.com. "We firmly believe in the continued prosperity of the state, from both an economic and population growth standpoint. And thus we intend to dramatically increase our portfolio over the next 36 months. Over the last two months, we have acquired nine buildings totaling close to 1 million square feet of industrial property in Texas. Both people and businesses continue to flock to Texas in droves. Even with the decline in the energy sector, we believe that the state’s economy is sufficiently diverse and will remain one of the nation’s top performing markets for the foreseeable future."
10203 Wallisville Road is a Class "A" corporate head-quarters facility totaling 201,128 square feet of warehouse and office space built in 1998, 2006 and 2007 on 8.11 acres of land. The office/warehouse/industrial complex offers 24'-26' clear ceiling height, 12 oversized loading docks, 8 dock wells, heavy power, 115 parking spaces and covered parking. With quick access to I-10 and I-610, it is located 15 minutes to downtown Houston, and 30 minutes to George Bush International Airport.
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