DCT Industrial Trust ® Acquires Five-Building Industrial Park Totaling 691,000 Square Feet in Denver
March 23 2015 - 4:15PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today the acquisition of Airport
Distribution Center, a five-building industrial park totaling
691,000 square feet in the I-70/Northeast submarket of Denver. The
Class A buildings are 97 percent leased.
For leasing information on DCT
Industrial's properties and investment opportunities in the Denver
market, please contact Mark Bowen at mbowen@dctindustrial.com or
303-226-9895.(Photo: Business Wire)
“The acquisition of these assets offers DCT an excellent
opportunity to expand our presence within the desirable
I-70/Northeast submarket, known for its strong tenant demand and
easy access to major interstates and Denver International Airport,”
said Mark Bowen, Senior Vice President, DCT Industrial. “We are
very excited to be adding to our existing Denver portfolio at a
time when the market is experiencing record-low vacancies and very
strong rental-rate growth.”
For leasing information on DCT Industrial’s properties and
investment opportunities in the Denver market, please contact Mark
Bowen at mbowen@dctindustrial.com or 303-226-9895.
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 December 31,
2014, the Company owned interests in approximately 72.3 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.
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DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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