DCT Industrial Trust® Acquires 13.2 Acres to Develop a 222,000 Square Foot Build-to-Suit in Houston
April 06 2017 - 04:37PM
Business Wire
DCT Industrial Trust ® (NYSE: DCT), a leading real estate
company, today announced the acquisition of 13.2 acres, in the Port
submarket of Houston, for a 222,000 square foot build-to-suit
facility for DHL Supply Chain USA.
The site is located adjacent to two existing DCT Industrial
buildings on State Highway 225, which are also occupied by DHL
Supply Chain USA, a leading logistics company. The new Class-A
distribution building will feature 36-foot clear height and will be
rail served by the Port Terminal Rail Association. Upon completion,
DCT Industrial and DHL’s La Porte campus will total 535,000 square
feet.
"We are very pleased to accommodate the growth of DHL in a
state-of-the-art facility that provides modern functionality
combined with preferred rail access in the Port of Houston," said
Justin Bennett, Senior Vice President, DCT Industrial. "The Port of
Houston continues to exhibit a strong trajectory of user demand;
and as this transaction demonstrates, DCT is well-positioned to
both capture and create value within this expanding submarket.”
The facility was designed by Terry Kennedy of Munson Kennedy
Partnership and will be constructed by Angler Construction.
Construction is scheduled to commence in Q2 2017.
For information on leasing and other DCT Industrial properties
and investment opportunities in the Houston market, please contact
Justin Bennett at jbennett@dctindustrial.com.
About DCT Industrial
Trust®
DCT Industrial is a leading real estate company specializing in
the ownership, development, acquisition, leasing and management of
bulk-distribution and light-industrial properties in high-demand
distribution markets in the U.S. DCT’s actively-managed portfolio
is strategically located near population centers and
well-positioned to take advantage of market dynamics. As of
December 31, 2016, the Company owned interests in approximately
74.0 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170406006290/en/
DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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