DCT Industrial Trust Inc.® Pre-Leases 190,000 Square Feet of Newly Commenced Construction at DCT Northwest Crossroads Logist...
June 30 2014 - 4:10PM
Business Wire
DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial
real estate company, today announced it has pre-leased 190,000
square feet of the 362,000 square foot building under construction
at DCT Northwest Crossroads Logistics Centre. The Company commenced
construction on Phase I of DCT Northwest Crossroads Logistics
Centre in Q2 2014.
“We are very pleased that we could provide a Class A,
high-quality solution to an expanding user in the marketplace,”
said Justin E. Bennett, Regional Vice President DCT Industrial. “We
continue to see significant growth in the Houston market and
believe the pre-leasing of our most recent development is a
testament to the strength of DCT’s development program as we
continue to source highly-desirable locations.”
The tenant, Lennox International, is a leading manufacturer of
climate control solutions for the heating, air conditioning and
refrigeration industries and plans on taking occupancy when
construction is complete in late 2014 or early 2015.
“The DCT Houston team provided an excellent level of attention
and service, creating a professional and pleasant working
experience,” said Amy Strauss, Manager Corporate Real Estate Lennox
International. “Their responsiveness, combined with a superbly
located opportunity off the Beltway 8 in Northwest Houston won our
newest 190,000 square foot Regional Distribution Center.”
DCT Northwest Crossroads Logistics Centre is a 682,000 square
foot, two building development project in the Northwest submarket
of Houston. The Company plans to commence construction on Phase II,
a 320,000 square foot building, in the second half of 2014.
DCT Industrial was represented by Will Hedges of DCT Industrial
and Lennox was represented by Gene Allred of Allred &
Associates.
For leasing information on DCT Industrial’s properties in the
Houston market, please contact Justin E. Bennett at 832-204-4455 or
at jbennett@dctindustrial.com.
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 March 31, 2014,
the Company owned interests in approximately 73.1 million square
feet of properties leased to approximately 900 customers, including
8.6 million square feet operated on behalf of four institutional
capital management partners. 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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DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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