DCT Industrial Trust Inc.® Acquires 750,000 Square Foot Building in Northern California
October 09 2014 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, announced today the acquisition of a 750,000
square foot bulk distribution building located in the Central
Valley submarket of Tracy, California. The modern, Class A facility
is 100 percent leased on a long-term basis to a strong-credit
tenant and is centrally located with access to Interstate 5 and
Highways 580 and 205.
“We are excited about the addition of this state-of-the-art
asset located in one of the most important submarkets in Northern
California,” said David Haugen, Regional Vice President, DCT
Industrial. “This acquisition not only adds an excellent building
to our portfolio but also a high-quality tenant.”
The seller, an affiliate of Transpacific Development Company,
was represented by John Huguenard, International Director, and Bo
Mills, Managing Director, of Jones Lang LaSalle.
“We are pleased to have delivered our tenant into the very
capable hands of the DCT team,” said Tom Irish, President of
Transpacific Development Company. “DCT’s execution of this
transaction was terrific, and we can see why they are one of the
top real estate firms in the U.S. today.”
This acquisition brings DCT Industrial’s Northern California
consolidated portfolio to 3.9 million square feet.
For leasing information on DCT Industrial’s properties and
investment opportunities in the Northern California market, please
contact David Haugen at dhaugen@dctindustrial.com or at
510-227-3050.
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.
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MEDIA AND INVESTOR CONTACT:DCT Industrial Trust Inc.Melissa
Sachs, 303-597-2400VP, Corporate Communications & Investor
Relationsinvestorrelations@dctindustrial.com
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