HOUSTON-DCT Industrial Trust Inc. closed on itsthird commercial real estate transaction within the past year. Theoff-market transaction added the 111,000-square-foot 7425 Pinemont,in the Pinemont Business Center, to the Denverbuyer's growing industrial property portfolio.

DCT regional vice president Justin Bennett sayshe worked with the seller, Pinchal Family LP, fora year and a half to conclude the deal. UltimatelyMace Pinchal and Bennett were able to get to theclosing table for a mutually beneficial CRE transaction.David Boyd of Boyd Commercialhelped negotiate the transaction between the two parties.

Bennett tells GlobeSt.com that landingindustrial properties like 7425 Pinemont is becoming moredifficult, given the competitive nature of the marketplace. "Asmore investors are seeking positions in Houston, it drives theprices of the assets up because there isn't a lot of supply here,"Bennett explains. As such, the 7425 Pinemont acquisition isfortuitous for DCT as it's a modern, class A bulk facility withseven strong credit tenants – the 2001-built property is 98%occupied. Furthermore, "the location in terms of proximity to(U.S.) 290 and other main arteries in northwest Houston wasattractive to us," Bennett says. "We were happy to find thisopportunity through our local relationships."