UNLOCK THE POWER OF THE VAULT

DCT Industrial Trust Acquires 301 KSF Asset

October 17, 2016

DCT Industrial Trust Acquires 301 KSF Asset

October 12, 2016 | by Laura Calugar | Commercial Property Executive

CincinnatiDCT Industrial Trust, a top industrial real estate company, has announced the acquisition  of a 301,000-square-foot building located in the Northwest submarket of Cincinnati. The property offers functional space with ESFR sprinklers and 24 to 28-foot clear height. The excess acreage adjacent to the building could be used for expansion, additional trailer parking or outside storage.

“We are very excited about the addition of this building to our Cincinnati portfolio. It was our team’s ability to act quickly and decisively that allowed us to acquire this exceptional asset in an off-market value creating transaction,” Mike Meyers, DCT Industrial vice president, said in a prepared statement.

At the time of sale, the property was 60 percent occupied. The vacant portion of the building is currently being marketed for lease by Mike Lowe and Doug Whitten of CBRE.

Full Article Located Here

 

Print Friendly, PDF & Email
Go Back
John E. Moriarty, ChFC
December 2015
February 3, 2016

I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture.  For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments.  Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients.  I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.