ELKRIDGE, MD—DCT Industrial Trust, a Denver,CO-based REIT has acquired, a 120,186-square foot industrialfacility here for $12.5 million. The seller isFinmarc Management, a Bethesda, MD-based companythat has bought and sold a number of properties over the past twoyears.

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The building is presently 100% leased by SavalFoodservice, a wholesale food distribution company, whichis using the site for its headquarters and primarywarehouse/distribution operations.

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Jonathan Carpenter of CassidyTurley represented the seller in this transaction.

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The building, located at 6470 Dorsey Rd. is located on aten-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.

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DCT Industrial Trust acquired the property as the industrialmarket shows little sign of slowing down. To date, the sector hasposted 18 quarters of consecutive absorption and 7% vacancynationwide, according to JLL figures.

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Speaking at NAIOP's Development '14 conferencelast month, Phil Hawkins, CEO of DCT IndustrialTrust said that now is a good time to be working with one'sportfolio. "Portfolio operations are where 90% of the value isgoing to come from. We couldn't be happier with pricing." He saidhis firm will sell $450 million this year and acquire a little morethan that. "It's a good time to be developing, but be aware of yourbalance sheet and strengthen it."

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As for Finmarc, it appears to be spreading its bets across awide array of industries. Over the past two and one-half years ithas acquired or disposed of more than $530 million worth ofproperties. Recent examples include plans to build luxury town homes in Old TownAlexandria, VA; the acquisition of Wildewood Shopping Center, a292,000-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.

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