Dividend Capital Total Realty Trust acquired the three-buildingpark in a joint venture an affiliate of San Diego-based WestcoreProperties. Located at 3101-3151 Jay St., Jay Street Office Park iscurrently 100% leased, and major tenants include publicly heldSafenet Inc., Vormetric and C-Switch. It was developed in 1999 bySan Jose, CA-based Orchard.
Dividend Capital Total Realty Trust chairman John Blumberg saysthe company is seeking other well-leased retail, industrial andmulti-family assets. Also at the end of June, the company acquiredapproximately $4.5 million of real estate related securitiesthrough purchases in the open market. The purchases consisted ofpreferred equity securities of various real estate operatingcompanies and real estate investment trusts primarily in theoffice, retail, lodging and diversified sectors.
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