DCT Industrial Trust Inc.® Acquires Six-Building Portfolio in Chicago
October 10 2013 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, announced today it has acquired DCT Fox River
Business Center, a six-building industrial portfolio in Elgin, one
of the fastest growing submarkets of Chicago. The high-quality
buildings offer immediate interstate access and are in close
proximity to O’Hare Airport. The portfolio totals 1.1 million
square feet and has a current occupancy of 59.1 percent.
“This portfolio is an excellent addition to our Chicago asset
base, offering DCT an additional opportunity for value creation by
leasing the existing vacancy. The buildings within the portfolio
range from 73,000 square feet to 431,000 square feet, which offer
multiple opportunities in the growing industrial submarket,” said
Brian Roach, Regional Vice President, DCT Industrial.
DCT Industrial was represented in the acquisition by Noel
Liston, Principle at Darwin Realty & Development, who will
continue to act as listing agent for the vacant facilities.
This acquisition brings DCT Industrial’s Chicago portfolio to
8.9 million square feet.
For leasing information on DCT Industrial’s properties and
investment opportunities in the Chicago market, please contact
Brian Roach at broach@dctindustrial.com or at 630-560-5000.
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. and Mexico. As of June
30, 2013, the Company owned interests in approximately 74.9 million
square feet of properties leased to approximately 870 customers,
including 12.3 million square feet operated on behalf of four
institutional capital management partners.
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DCT Industrial Trust Inc.Melissa Sachs, 303-597-2400VP
Corporate Communications & Investor
Relationsinvestorrelations@dctindustrial.com
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