Home News Releases DCT Industrial Trust® Announces 1.4 Million Square Feet of Development Leasing

DCT Industrial Trust® Announces 1.4 Million Square Feet of Development Leasing

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DENVER — DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, announced today development leases totaling 1.4 million square feet, signed since the Company’s Q1 2015 Earnings were announced on May 1, 2015.

“We are very pleased with the progress of our development leasing and the active pipeline of leases currently under negotiation,” said Phil Hawkins, Chief Executive Officer of DCT Industrial.
Development leases include:
  • 616,000 square foot lease for DCT Rialto Logistics Center located in the Inland Empire West submarket of Southern California. The lease brings the 928,000 square foot building to approximately 66 percent leased.
  • Full-building lease of DCT Freeport North, a 100,000 square foot building located in the DFW Airport submarket of Dallas.
  • Full-building lease of DCT Frankford Trade Center, an 82,000 square foot building located in the Northwest submarket of Dallas.
  • 215,000 square foot lease for DCT White River Corporate Center Phase I located in the South Kent Valley submarket of Seattle. The lease brings the 649,000 square foot building to approximately 33 percent leased
  • 189,000 square foot lease for DCT Northwest Crossroads Logistics Centre II located in the Northwest submarket of Houston. The lease brings the 320,000 square foot building to approximately 59 percent leased.
  • 85,000 square foot pre-lease for DCT Fife Distribution Center North located in the Tacoma/Fife submarket of Seattle. The lease brings the 152,000 square foot building to approximately 56 percent pre-leased with construction scheduled to commence in Q3 2015.
  • Two 40,000 square foot leases for DCT Airport Distribution Center North Building C located in the Southeast submarket of Orlando. These leases bring the 97,000 square foot building to approximately 83 percent leased.
  • 27,000 square foot lease for DCT Fife 45 South located in the Tacoma/Fife submarket of Seattle. The lease brings the 64,000 square foot building to 100 percent leased.
  • 13,000 square foot lease for DCT Airtex Industrial Center II, a 127,000 square foot building located in the Northwest submarket of Houston, bringing the facility to approximately 55 percent leased.

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 March 31, 2015, the Company owned interests in approximately 73.3 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.