DCT Industrial Trust® Acquires 27.4 Acres in Dallas for Two Development Projects
July 14 2016 - 4:10PM
Business Wire
Company Plans to Develop a 270,000 Square
Foot Facility in the Northeast Submarket and a 112,000 Square Foot
Facility in the DFW Airport Submarket
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, today announced the acquisition of 27.4 acres in
Dallas, TX in two separate transactions.
In May 2016, the Company acquired 17.5 acres in the Northeast
submarket for the development of DCT Miller Road, a 270,000 square
foot Class A, multi-tenant facility. Additionally, in July 2016,
the Company acquired 9.9 acres in the DFW Airport submarket for the
development of DCT DFW Trade Center, a 112,000 square foot Class A,
multi-tenant facility.
“The DCT Miller Road parcel has been the most sought-after land
in the Northeast submarket for several years,” said Art Barkley,
Senior Vice President, DCT Industrial. “We are extremely pleased
that we were able to build a relationship with the seller and
secure the best land site in that area. Furthermore, we are excited
about the visibility DCT DFW Trade Center will offer our customers
along Highway 121. Both sites are in premier locations within their
respective submarkets and will appeal to a wide variety of
customers.”
For information on leasing and other DCT Industrial properties
and investment opportunities in the Dallas market, please contact
Art Barkley abarkley@dctindustrial.com.
About DCT Industrial Trust
Inc.®
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 March 31, 2016,
the Company owned interests in approximately 71.9 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/20160714006272/en/
DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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