Industrial real estate company DCT Industrial Trust has acquired a three building portfolio totalling 308,000 square feet in the Tempe/Airport submarket of Phoenix.
The 100 per cent occupied portfolio consists of three modern, Class-A buildings that are located with easy access to major transportation systems and Sky Harbor International Airport.
“We are excited to add these exceptional buildings to our portfolio,” says Mark Bowen, regional vice president, DCT Industrial. “Located in one of the highest-barrier-to-entry submarkets of Phoenix these high-quality buildings reflect DCT’s continued effort to improve the quality our portfolio.”
This acquisition brings DCT Industrial’s Phoenix portfolio to 2.1 million square feet.