DCT Industrial Trust Inc.® Acquires 111,000 Square Foot Value–Add Building in Southern California
October 08 2014 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, announced today the acquisition of a
value-add, Class A, 111,000 square foot building located in the
Carlsbad submarket of North County, San Diego. Located in the
Carlsbad Research Center, a 560-acre master-planned business park,
the building is currently 44 percent leased.
“We are excited about the acquisition of this high-quality,
value-add building,” said Bud Pharris, DCT Industrial’s Managing
Director, West Coast Region. “This well-located, highly-functional
facility provides us with an excellent growth opportunity in our
Southern California portfolio through the lease-up of the vacant
space.”
This acquisition brings DCT Industrial’s Southern California
consolidated portfolio to 6.7 million square feet.
For leasing information on DCT Industrial’s properties and
investment opportunities in the Southern California market, please
contact either Bud Pharris bpharris@dctindustrial.com or Jake Smith
at jsmith@dctindustrial.com at 949-720-8000.
About DCT Industrial Trust
Inc.®
DCT Industrial Trust Inc. 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, 2014,
the Company owned interests in approximately 74.0 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.
Click here to subscribe to Mobile Alerts for DCT Industrial.
Media and Investor Contact:DCT Industrial Trust Inc.Melissa
Sachs, VP, Corporate Communications & Investor
Relations303-597-2400investorrelations@dctindustrial.com
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