DCT Industrial Trust® Completes Two E-Commerce Leases in California Totaling 497,000 Square Feet
April 26 2016 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, announced today that it has executed two
full-building e-commerce leases in California totaling 497,000
square feet.
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@DCTIndustrial
In the Hayward submarket of Northern California, the Company
executed a 297,000 square foot lease for a current redevelopment
project at 22290 Hathaway Street. The tenant is expected to take
occupancy October 1, 2016 upon the completion of improvements.
In the LAX submarket of Los Angeles, the Company executed a
200,000 square foot lease with a leading, global internet-based
retailer at 2815 W El Segundo Boulevard. The tenant took occupancy
of the full building immediately.
“We are very pleased to announce the execution of these two
full-building leases,” said Bud Pharris, Managing Director, West
Region for DCT Industrial. “The recent completion of the leases
with two different e-commerce companies reflects the continued and
rapid growth of internet-based retailing. Consumers are now
expecting products to arrive even faster from their online orders,
translating into a strong demand for quality infill distribution
space.”
For leasing information on DCT Industrial’s properties and
investment opportunities in the Southern California market, please
contact Bud Pharris at bpharris@dctindustrial.com. For information
on DCT Industrial in Northern California, please contact Dave
Haugen at dhaugen@dctindustrial.com.
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,
2015, the Company owned interests in approximately 71.1 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/20160426006833/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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