BURLINGAME, CA-In a deal described by principals as one of the largest industrial transactions in San Mateo County in recent years, Denver-based DCT Industrial Trust paid $35-million for a 255,000-square-foot warehouse in this Northern California city.
The property was a sought after asset that Mike Davis, a Grubb & Ellis vice president, who helped broker the deal, describes in a statement as “the crown jewel of the San Francisco Peninsula.”
The sale is remarkable both for its scale, it is considered one of the largest three largest industrial transactions in this Bay Area city just south of San Francisco in recent years.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
