The joint venture between Dalfen Industrial and Centerbridge Partners, L.P. has recently acquired two new industrial outdoor storage (IOS) properties in California’s Inland Empire and New Jersey. The 4.1-acre trailer storage yard in Riverside will be upgraded with paving, lighting, and fencing to provide a secure truck parking facility by the end of the year.
According to Willis Fries from Dalfen Industrial, this acquisition marks their entry into the highly sought-after West Coast logistics market where there is a high demand for Class A IOS facilities. The 6.9-acre property in Old Bridge, NJ is fully leased to two tenants who use it for truck and trailer storage.
This latest purchase demonstrates the JV’s commitment to expanding its presence across key markets without compromising on quality or location suitability.
