DCT Industrial Trust® Acquires 14.6 Acres in the Northeast Submarket of Denver
August 25 2016 - 4:10PM
Business Wire
Company Plans to Develop a 168,000 Square
Foot Distribution Building
DCT Industrial Trust ® (NYSE: DCT), a leading industrial real
estate company, today announced the acquisition of 14.6 acres in
the Northeast submarket of Denver for the development of DCT Summit
Distribution Center, a 168,000 square foot distribution
building.
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DCT Industrial Acquired 14.6 Acres in
Northeast Submarket of Denver to Develop DCT Summit Distribution
Center (Photo: Business Wire)
DCT Industrial’s Denver team worked with multiple sellers to
assemble three, ideally-located land parcels near I-70 and Denver
International Airport, providing the necessary space to develop a
Class A front-loading building in this submarket.
“Denver’s thriving economy and population growth has created one
of the strongest distribution markets in the country, creating a
greater need for more well-located, state-of-the-art distribution
buildings,” said Mark Bowen, Senior Vice President, DCT Industrial.
“DCT Summit Distribution Center is perfectly located to address
this need, and is being developed to satisfy the requirements of
today's sophisticated tenant.”
For information on leasing and other DCT Industrial properties
and investment opportunities in the Denver market, please contact
Mark Bowen at mbowen@dctindustrial.com.
About DCT Industrial Trust
Inc.®
DCT Industrial is a leading industrial real estate company
specializing in the ownership, acquisition, development, leasing
and management of bulk-distribution and light-industrial properties
in high-volume distribution markets in the U.S. As of June 30,
2016, the Company owned interests in approximately 72.0 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/20160825006054/en/
DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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