September 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — DCT Industrial Trust Inc. (NYSE: DCT), an industrial real estate company, said it has acquired a fully leased bulk distribution facility comprised of two buildings in Baltimore, Maryland totaling over 323,000 square feet.

The company said that the acquisition price of $13.8 million, or $43 per square foot, is significantly below its estimated replacement cost and is projected to generate a cash yield of 9.1% in the first year.  

Colorado-based DCT Industrial Trust owns, operates and develops bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico.

As of June 30, 2010, the company owned interest in, managed or had under development 75.5 million square feet of properties leased to more than 800 customers, including 14.6 million unconsolidated square feet managed on behalf of three institutional joint venture partners

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