DCT Industrial Trust® Executes over 1.0 Million Square Feet of Development Leasing in Seattle
September 08 2015 - 4:10PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, announced today it has executed over 1.0 million
square feet of development leases in Seattle in the last 60
days.
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Patrick Gemma, Senior Vice President, DCT
Industrial Trust (Photo: Business Wire)
The DCT Seattle team executed eight leases in six buildings
bringing the market’s 1.4 million square foot development portfolio
to 84 percent leased. Included in this leasing are two pre-leases
totaling 325,000 square feet for buildings currently under
construction.
“The execution of a million square feet of leases in 60 days
exemplifies the strong tenant demand we are seeing in the Seattle
market,” said Patrick Gemma, Senior Vice President, DCT Industrial.
“The quick completion of these deals not only demonstrates an
increase in the speed that tenants are making decisions, but also
the strength of our local market team as they are able to find
solutions to tenants’ needs.”
For leasing information on DCT Industrial’s properties and
investment opportunism in the Seattle market, please contact
Patrick Gemma at pgemma@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 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/20150908006663/en/
DCT Industrial TrustMelissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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