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DCT Industrial Trust Pays $35M for Burlingame Building

BURLINGAME, CA-The deal is one of the largest in the South Bay Area industrial market.

By Morris Newman | Updated on November 15, 2011

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.”

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