Mapletree Investments has completed the sale of a mid-shallow bay industrial portfolio totaling 1,379,424 square feet to Dalfen Industrial for $207.5 million. The transaction involves a collection of last-mile and distribution-focused warehouse properties spread across several major U.S. logistics hubs.
The portfolio consists of 19 warehouse assets located in multiple markets. Thirteen of the properties are in the Dallas–Fort Worth region, four assets are in the Chicago area, and one property each is in Cincinnati, Ohio, and Indianapolis, Indiana. The assets are characterized as mid-shallow bay logistics facilities, a segment that has drawn investor interest for its role in serving dense population centers and regional distribution networks.
This disposition represents Mapletree Investments’ fifth U.S. warehouse portfolio divestment. Since June 2025, the Group has completed nearly $1.3 billion in logistics asset sales across the United States, underscoring its active capital recycling strategy within the industrial sector. The latest sale further reduces its warehouse holdings while generating additional proceeds from a large-scale, multi-market portfolio trade.
Commenting on the acquisition, Dalfen Industrial’s Sean Dalfen highlighted the portfolio’s strategic positioning and tenant composition. He noted that the infill locations, diversified tenancy and embedded mark-to-market opportunity are consistent with the firm’s focus on aggregating last-mile industrial product in areas with constrained supply. This aligns the portfolio with Dalfen Industrial’s stated emphasis on supply-constrained logistics nodes.
Newmark advised on the transaction, with Jack Fraker, Dom Espinosa and Travis McEldowney representing Mapletree Investments. Their role encompassed marketing the multi-market portfolio and managing the sale process on behalf of the seller.
Beyond this specific transaction, Mapletree continues to be a significant participant in the U.S. industrial real estate market. The company owns and manages more than 66 million square feet of industrial assets nationally. In addition, it maintains a development pipeline of approximately 2.6 million square feet, reflecting an ongoing commitment to the logistics and warehouse segment even as it disposes of selected portfolios.
The sale to Dalfen Industrial, together with Mapletree’s broader program of logistics asset divestments since mid-2025, illustrates continued investor demand for well-located industrial properties across key distribution markets and demonstrates the liquidity available for scaled portfolio trades in the sector.
