MIAMI—Denver-based DCT Industrial Trust is betting on Miami Gardens. The company just snapped up a 211,000-square-foot distribution facility in the Sunshine State Industrial Park there.
DCT paid Aventura-based Groupe Pacific $11.8 million, or $56 per square foot, for the industrial asset. Located at 1400 Northwest 159th Street, the industrial property is 100% occupied.
The CBRE professionals representing the buyer included vice president Devin White, senior vice president David Albert and associate Andrew Lehrer. Ted Konigsberg of Infinity Commercial represented the seller.
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.
