DCT Broadens Footprint; Buys 111,000 SF

HOUSTON-DCT Industrial Trust Inc. closed on its third commercial real estate transaction within the past year. The off-market transaction added the 111,000-square-foot 7425 Pinemont, in the Pinemont Business Center, to the Denver buyer’s growing industrial property portfolio.

DCT regional vice president Justin Bennett says he worked with the seller, Pinchal Family LP, for a year and a half to conclude the deal.  Ultimately Mace Pinchal and Bennett were able to get to the closing table for a mutually beneficial CRE transaction. David Boyd of Boyd Commercial helped negotiate the transaction between the two parties.