Dalfen Industrial has acquired Thornton Logistics Center, a 92,400-square-foot, last-mile industrial building located in Oakland, New Jersey, within Bergen County. The acquisition was sourced off-market through Jones Lang LaSalle.
Situated within the 1.7 million-square-foot, master-planned Oakland Industrial Park, Thornton Logistics Center is located proximate to Interstates 287 and 80 with immediate access to local thoroughfares Route 202, Route 23 and the Garden State Parkway allowing for efficient movement throughout the region, specifically catering to the New York City Metro.
“The strategic location of Thornton Logistics Center and its flexible building design and characteristics, makes this property a perfect addition to our growing New Jersey portfolio,” said Keith Hontz, market officer.
The building is configured for single or multi-tenancy given its efficient rectangular layout, auto and truck parking, 22-foot clear height and a generous loading ratio of 1:4,500 square feet. Currently, the building is fully-leased.
“This acquisition is Dalfen Industrial’s fourth in Central/Northern New Jersey since May 2023,” said Mike Cohen, head of U.S. acquisitions. “As arguably one of the most significant and competitive industrial markets in the country, Dalfen is focused on continuing to grow its New Jersey portfolio.
