Goldman Sachs, Dalfen Industrial Acquire Warehouses, Including Park 309 Near Quakertown; Local Warehouses Continue to Draw Big Prices

— Jeff Ward, Lehigh Valley News Briefs

Goldman Sachs and Dalfen Industrial have acquired a 21-building warehouse portfolio, including Park 309 in Richland Township, Bucks County.

Goldman’s alternative-investment unit and Dalfen said the properties are in Dallas, Las Vegas, Cincinnati and Pennsylvania. The Bucks County building is off Route 309, near Quakertown.

The companies did not disclose the price in their statement, but Bloomberg reported it at $293 million, citing Dalfen. The seller was Blackstone, Bloomberg said.

Goldman Sachs (NYSE:GS) controls more than $500 billion in “alternative” investments, including real estate.

Dallas-based Dalfen describes itself as an investor in “last mile” properties, that is, buildings where goods are shipped before being delivered to consumers.