DCT Industrial Trust® Announces 1.3 Million Square Feet of Development Leasing
October 05 2015 - 4:11PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today development leases totaling 1.3
million square feet, signed since the Company’s Q2 2015 Earnings
were announced on July 31, 2015.
“We are very pleased with the value creation of our development
projects,” said Phil Hawkins, Chief Executive Officer of DCT
Industrial. “They continue to perform ahead of plan and are seeing
exceptional leasing activity.”
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Development leases include:
- Full pre-lease for DCT Downs Park, a
two building, 299,000 square foot development located in
Dulles/Route 28 Corridor submarket of Baltimore/Washington,
D.C.
- 291,000 and 143,000 square foot leases
for DCT White River Corporate Center Phase I located in the South
Kent Valley submarket of Seattle. These leases bring the 649,000
square foot building to 100 percent leased.
- 283,000 and 143,000 square foot leases
for DCT Chrin Commerce Centre located in the Lehigh Valley
submarket of Pennsylvania. These leases bring the 426,000 square
foot building to 100 percent leased.
- 84,000 square foot lease for DCT Sumner
South Distribution Center located in the South Kent Valley
submarket of Seattle. The lease brings the 188,000 square foot
building to 100 percent leased.
- 24,000 and 12,000 square foot leases
for DCT Airtex Industrial Center II located in the Northwest
submarket of Houston. These leases bring the 127,000 square foot
building to 100 percent leased.
- 25,000 square foot lease for DCT Fife
45 North in the Tacoma/Fife submarket of Seattle. The lease brings
the 79,000 square foot building to approximately 77 percent
leased.
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 June 30, 2015,
the Company owned interests in approximately 72.6 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/20151005006621/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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