ELKRIDGE, MD—DCT Industrial Trust, a Denver, CO-based REIT has acquired, a 120,186-square foot industrial facility here for $12.5 million. The seller is Finmarc Management, a Bethesda, MD-based company that has bought and sold a number of properties over the past two years.

The building is presently 100% leased by Saval Foodservice, a wholesale food distribution company, which is using the site for its headquarters and primary warehouse/distribution operations.

Jonathan Carpenter of Cassidy Turley represented the seller in this transaction.

The building, located at 6470 Dorsey Rd. is located on a ten-acre site. The structure contains separate dry warehouse, freezer, refrigeration, office components and 26 loading docks, Warehouse ceiling heights range from 22 to 26 feet.

DCT Industrial Trust acquired the property as the industrial market shows little sign of slowing down. To date, the sector has posted 18 quarters of consecutive absorption and 7% vacancy nationwide, according to JLL figures.

Speaking at NAIOP's Development '14 conference last month, Phil Hawkins, CEO of DCT Industrial Trust said that now is a good time to be working with one's portfolio. "Portfolio operations are where 90% of the value is going to come from. We couldn't be happier with pricing." He said his firm will sell $450 million this year and acquire a little more than that. "It's a good time to be developing, but be aware of your balance sheet and strengthen it."

As for Finmarc, it appears to be spreading its bets across a wide array of industries. Over the past two and one-half years it has acquired or disposed of more than $530 million worth of properties. Recent examples include plans to build luxury town homes in Old Town Alexandria, VA; the acquisition of Wildewood Shopping Center, a 292,000-square foot regional shopping center in California, MD for $28.4 million; and the acquisition of a nine-asset portfolio in Gaithersburg, MD for $33 million.