{"id":1004050750,"date":"2012-11-19T08:40:20","date_gmt":"2012-11-19T16:40:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004050750"},"modified":"2022-12-08T10:41:46","modified_gmt":"2022-12-08T18:41:46","slug":"dct-industrial-trust-completes-purchase-of-four-building-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\/","title":{"rendered":"DCT Industrial Trust Completes Purchase of Four-Building Portfolio"},"content":{"rendered":"

By Scott Baltic, Contributing Editor\u00a0<\/em><\/p>\n

DCT Industrial Trust Inc., of Denver, has completed the previously announced acquisition of a four-building portfolio totaling 563,000 square feet, the REIT announced late last week.<\/p>\n

The Class A air-freight buildings comprise three facilities near Los Angeles International Airport and one near Chicago\u2019s O\u2019Hare International Airport. The portfolio is currently 99.6 percent occupied by eight tenants.<\/p>\n

DCT announced in early September that its deposit on the four buildings had gone non-refundable the previous month and that the off-market transaction was at that point subject only to the loan assumption and standard closing conditions.<\/p>\n

No further information was available from DCT at press time.<\/p>\n

The South Bay submarket in Los Angeles includes nearly 90.6 million square feet of warehouse\/distribution space, according to third-quarter figures from Jones Lang LaSalle. The total vacancy rate is 6.4 percent, after accounting for 0.3 percent total net absorption so far this year. Asking triple-net rents average $0.55 per square foot.<\/p>\n

Per JLL, although the South Bay submarket added only 389,000 square feet of warehouse\/distribution space year-to-date, that\u2019s still more than half of such space added across the entire LA metro area. An additional 1.99 million square feet is currently under construction, however.<\/p>\n

DCT specializes in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the United States and Mexico. The company currently owns interests in about 75.2 million square feet of properties, including 16.7 million<\/p>\n","protected":false},"excerpt":{"rendered":"

DCT Industrial Trust of Denver has completed the previously announced acquisition of a four-building portfolio totaling 563,000 square feet.<\/p>\n","protected":false},"author":882,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21748,21783,21742,15],"tags":[],"class_list":["post-1004050750","post","type-post","status-publish","format-standard","hentry","category-denver","category-industrial","category-investment","category-latest","category-west"],"acf":[],"yoast_head":"\nDCT Industrial Trust Completes Purchase of Four-Building Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DCT Industrial Trust Completes Purchase of Four-Building Portfolio\" \/>\n<meta property=\"og:description\" content=\"DCT Industrial Trust of Denver has completed the previously announced acquisition of a four-building portfolio totaling 563,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-19T16:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:41:46+00:00\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"DCT Industrial Trust Completes Purchase of Four-Building Portfolio\",\"datePublished\":\"2012-11-19T16:40:20+00:00\",\"dateModified\":\"2022-12-08T18:41:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/\"},\"wordCount\":246,\"commentCount\":0,\"articleSection\":[\"Denver\",\"Industrial\",\"Investment\",\"News\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dct-industrial-trust-completes-purchase-of-four-building-portfolio\\\/\",\"name\":\"DCT Industrial Trust Completes Purchase of Four-Building Portfolio - 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