Dalfen Industrial acquires Thornton Logistics Center to expand New Jersey footprint

In a notable expansion of its New Jersey portfolio, Dalfen Industrial has secured the Thornton Logistics Center, a prime last mile industrial facility sprawling over 92,400 square feet, situated in Oakland, NJ, within Bergen County—the most populous county in New Jersey and the leading consumer spending market in the United States. This acquisition, sourced off-market by Jones Lang LaSalle, signifies Dalfen Industrial’s assertive positioning in one of the most vibrant and competitive industrial markets nationwide.

Nestled within the 1.7 million square foot master-planned Oakland Industrial Park, the Thornton Logistics Center boasts a strategic location with proximity to major Interstates 287 and 80, as well as direct access to essential local thoroughfares including Route 202, Route 23, and the Garden State Parkway. This advantageous location ensures the facility’s pivotal role in facilitating efficient distribution and logistics operations across the region, particularly serving the bustling New York City Metro area.

The building’s design and layout are optimally configured to support both single and multi-tenancy arrangements, featuring an efficient rectangular shape, ample parking for autos and trucks, 22′ clear ceiling height, and a generous loading ratio of 1:4,500 SF. Presently, the facility is fully leased, underlining its appeal and functionality in the commercial real estate market.

Keith Hontz, Market Officer at Dalfen Industrial, highlighted the acquisition’s strategic significance, stating, “The strategic location of Thornton Logistics Center and its flexible building design and characteristics, make this property a perfect addition to our growing New Jersey portfolio.” This acquisition marks Dalfen Industrial’s fourth venture into the Central/Northern New Jersey area since May 2023, underscoring the company’s commitment to expanding its presence in a key segment of the U.S. industrial landscape.

Mike Cohen, Head of U.S. Acquisitions at Dalfen Industrial, reflected on the company’s strategic focus, “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.” This latest acquisition by Dalfen Industrial not only amplifies its footprint in the New Jersey market but also reinforces the company’s strategic approach to real estate investment in high-demand, high-consumption areas.

The Thornton Logistics Center acquisition by Dalfen Industrial embodies a calculated move to capitalize on the dynamic and burgeoning New Jersey industrial market, highlighting the company’s foresight in identifying and securing strategically located and versatile properties.