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Article: Dividend Capital Total Realty Trust Announces Real Estate Acquisitions.
- Article from:
- Business Wire
- Article date:
- January 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER -- Dividend Capital Total Realty Trust Inc., a diversified Real Estate Investment Trust (REIT), announced today that it has acquired a portfolio of four industrial real estate properties, as well as an office/R&D property.
The industrial portfolio, totaling approximately 1.1 million square feet, was purchased at a total cost of approximately $58.1 million, and consists of properties located in the leading distribution markets of Central Pennsylvania, Philadelphia, PA, Charlotte, NC and Sacramento, CA. The properties are 100% leased to seven corporate tenants, including West Marine, Inc. and SC Johnson & Sons, among others. The portfolio was acquired ...