A recently built, vacant warehouse in Lumberton, New Jersey, has sold for $34.3 million, following the lender’s repossession of the site. Dalfen Industrial, based in Dallas, acquired the 219,123-square-foot Lumberton Logistics Center in an off-market deal from Chicago’s Pangea Mortgage Capital, sources confirmed. The property at 1800 Route 38 was developed in 2023 by Active Acquisitions, a Wall, New Jersey-based firm specializing in industrial properties. The warehouse was built speculatively and has yet to be leased, according to Dalfen Industrial.

*Article courtesy of Philadelphia Business Journal

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