RANCHO DOMINGEUZ, CA—DCT Industrial Trust has acquired Victoria Industrial, a 101,724-square-foot industrial facility from CT Realty for $12.3 million. CT Realty purchased the property in partnership with American Realty Advisors in 2012. The property is currently 100% leased by LMD Integrated Logistics through November 2020.

Marc Belluomini, EVP of operations and asset management at CT Realty, explains that the South Bay industrial market has experienced a recent resurgence, especially for industrial properties of this size. According to industry sources unrelated to the deal, the joint venture purchased the property for $9.3 million in 2012. The heightened market demand made this a good time for the joint venture to sell the appreciated property.

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