DCT Industrial Trust® to Develop 350,000 Build-to-Suit in Chicago
March 23 2015 - 4:10PM
Business Wire
DCT Industrial Trust® (NYSE: DCT), a leading industrial real
estate company, today announced the acquisition of 21 acres in the
Northern DuPage submarket of Chicago. The site currently houses two
buildings which will be demolished for the development of a 350,000
square foot build-to-suit facility. The development is 100 percent
pre-leased to CoreCentric Solutions, Inc., which will consolidate
its three Chicago locations (including a 152,000 square foot lease
at DCT’s 725 Center Avenue facility in Carol Stream) into the new
building.
For information regarding DCT
Industrial's Chicago market, please contact Brian Roach at
broach@dctindustrial.com or at 630-560-5000. (Photo: Business
Wire)
“We look forward to continuing our relationship with CoreCentric
Solutions and are thrilled we were able to work together to find
the best solution for their real estate needs,” said Brian Roach,
Senior Vice President, DCT Industrial. “Additionally, this
acquisition provides DCT with an excellent opportunity to develop
in a premier infill location in an important submarket.”
DCT Industrial plans to commence construction in Q3 2015.
CoreCentric Solutions was represented by Anthony Leeds with
Signature Associates.
For information regarding DCT Industrial’s Chicago market,
please contact Brian Roach at broach@dctindustrial.com or at
630-560-5000.
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 December 31,
2014, the Company owned interests in approximately 72.3 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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DCT Industrial Trust Inc.Melissa Sachs,
303-597-2400investorrelations@dctindustrial.com
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