DCT ACQUIRES NORTH DADE DISTRIBUTION FACILITY FOR $11.8M

Miami, FL – November 5, 2013 – (RealEstateRama) — CBRE arranged the sale of a 211,000-square-foot distribution facility in the Sunshine State Industrial Park. Denver-based DCT Industrial Trust purchased the bulk distribution facility at 1400 NW 159th Street, Miami Gardens, Florida from a subsidiary of Aventura-based Groupe Pacific for $11.8 million, or $56 per square foot. The property was 100% occupied at the time of sale. CBRE represented the buyer and Infinity Commercial represented the seller


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