DCT Industrial Trust Inc. (NYSECT) announced it has acquired a 118,000-square-foot building in Denver. In the Denver Central submarket, DCT Industrial acquired 5330 Pecos Street, a well-located bulk distribution building. The building was acquired for $6.7 million or $56.48 per square foot, approximately 20-25 percent below replacement cost. The Company anticipates a year-one cash yield of 7.9 percent.
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(DCT, CLNO, PEP, RLI) Stocks in Focus by PennyOmega.com
August 23rd, 2011 at 04:42 pm