DCT Industrial Trust® Announces Jeffrey F. Phelan Resigns as President
November 30 2015 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, announced today that Jeffrey F. Phelan has
resigned from his role as President, effective January 2, 2016. Mr.
Phelan has decided to focus on his own investments and
developments.
Mr. Phelan will continue to work for the Company as a consultant
throughout 2016, working with the Executive Committee and market
teams to help evaluate and execute development and value-add
opportunities.
“The Company has grown significantly with the assistance of
Jeff’s leadership. He has been instrumental in helping build market
teams with strong development, value-add and acquisition expertise.
As a result, we have great people on the ground operating our
business and sourcing excellent development opportunities,” said
Phil Hawkins, Chief Executive Officer, DCT Industrial. “Jeff’s
leadership will be missed, and we look forward to continuing to
work with him in his new consultancy role.”
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 September 30,
2015, the Company owned interests in approximately 73.3 million
square feet of properties leased to approximately 900 customers.
DCT Industrial 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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Industrial.
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version on businesswire.com: http://www.businesswire.com/news/home/20151130006185/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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