DCT Industrial® Executes Three Pre-Leases Totaling 172,000 Square Feet in Northwest Houston
January 13 2015 - 4:10PM
Business Wire
Northwest Crossroads Logistics Centre I 100
Percent Pre-leased
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today it executed three pre-leases
totaling 172,000 square feet in its Northwest Houston development,
DCT Northwest Crossroads Logistics Centre. The execution of these
leases brings the first phase of the development, a 362,000 square
foot, multi-tenant building, to 100 percent pre-leased.
“The execution of these pre-leases in DCT Northwest Crossroads
Logistics Centre I is a testament to the strong tenant demand we
are seeing within the Northwest submarket of Houston,” said Justin
E. Bennett, Regional Vice President, DCT Industrial. “We believe
that the momentum experienced in pre-leasing the first phase of the
development will continue as we actively market the second phase,
DCT Northwest Crossroads Logistics Centre II.”
As previously announced, in June 2014, the Company pre-leased 52
percent of Northwest Crossroads Logistics Centre I through the
execution of a 190,000 square foot lease with Lennox. The
development is expected to be completed in Q1 2015 with tenants
taking occupancy in Q1 2015.
DCT Northwest Crossroads Logistics Centre is a 682,000 square
foot, two building development in the Northwest submarket of
Houston. The Company commenced construction on Phase II, a 320,000
square foot building, in Q3 2014 and is slated for completion in Q2
2015.
For leasing information on DCT Industrial’s properties and
investment opportunism in the Houston market, please contact Justin
Bennett at jbennett@dctindustrial.com.
About DCT Industrial
Trust®
DCT Industrial is a leading industrial real estate company
specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. As of September 30,
2014, the Company owned interests in approximately 74.3 million
square feet of properties leased to approximately 900 customers.
DCT maintains a Baa2 rating from Moody’s Investors Service and a
BBB- from Standard & Poor’s Rating Services. Additional
information is available at www.dctindustrial.com.
Click here to subscribe to Mobile Alerts for DCT Industrial.
DCT Industrial Trust®Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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