DCT Industrial Trust® Announces 1.4 Million Square Feet of Development Leasing
July 21 2015 - 4:10PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today development leases totaling 1.4
million square feet, signed since the Company’s Q1 2015 Earnings
were announced on May 1, 2015.
“We are very pleased with the progress of our development
leasing and the active pipeline of leases currently under
negotiation,” said Phil Hawkins, Chief Executive Officer of DCT
Industrial.
Development leases include:
- 616,000 square foot lease for DCT
Rialto Logistics Center located in the Inland Empire West submarket
of Southern California. The lease brings the 928,000 square foot
building to approximately 66 percent leased.
- Full-building lease of DCT Freeport
North, a 100,000 square foot building located in the DFW Airport
submarket of Dallas.
- Full-building lease of DCT Frankford
Trade Center, an 82,000 square foot building located in the
Northwest submarket of Dallas.
- 215,000 square foot lease for DCT White
River Corporate Center Phase I located in the South Kent Valley
submarket of Seattle. The lease brings the 649,000 square foot
building to approximately 33 percent leased
- 189,000 square foot lease for DCT
Northwest Crossroads Logistics Centre II located in the Northwest
submarket of Houston. The lease brings the 320,000 square foot
building to approximately 59 percent leased.
- 85,000 square foot pre-lease for DCT
Fife Distribution Center North located in the Tacoma/Fife submarket
of Seattle. The lease brings the 152,000 square foot building to
approximately 56 percent pre-leased with construction scheduled to
commence in Q3 2015.
- Two 40,000 square foot leases for DCT
Airport Distribution Center North Building C located in the
Southeast submarket of Orlando. These leases bring the 97,000
square foot building to approximately 83 percent leased.
- 27,000 square foot lease for DCT Fife
45 South located in the Tacoma/Fife submarket of Seattle. The lease
brings the 64,000 square foot building to 100 percent leased.
- 13,000 square foot lease for DCT Airtex
Industrial Center II, a 127,000 square foot building located in the
Northwest submarket of Houston, bringing the facility to
approximately 55 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 March 31, 2015,
the Company owned interests in approximately 73.3 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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version on businesswire.com: http://www.businesswire.com/news/home/20150721006506/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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