DCT Industrial Trust® Announces 1.3 Million Square Feet of Development Leasing

DENVER--(BUSINESS WIRE)-- DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, announced today development leases totaling 1.3 million square feet, signed since the Company’s Q2 2015 Earnings were announced on July 31, 2015.

“We are very pleased with the value creation of our development projects,” said Phil Hawkins, Chief Executive Officer of DCT Industrial. “They continue to perform ahead of plan and are seeing exceptional leasing activity.”

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Development leases include:

• Full pre-lease for DCT Downs Park, a two building, 299,000 square foot development located in Dulles/Route 28 Corridor submarket of Baltimore/Washington, D.C.
• 291,000 and 143,000 square foot leases for DCT White River Corporate Center Phase I located in the South Kent Valley submarket of Seattle. These leases bring the 649,000 square foot building to 100 percent leased.
• 283,000 and 143,000 square foot leases for DCT Chrin Commerce Centre located in the Lehigh Valley submarket of Pennsylvania. These leases bring the 426,000 square foot building to 100 percent leased.
• 84,000 square foot lease for DCT Sumner South Distribution Center located in the South Kent Valley submarket of Seattle. The lease brings the 188,000 square foot building to 100 percent leased.
• 24,000 and 12,000 square foot leases for DCT Airtex Industrial Center II located in the Northwest submarket of Houston. These leases bring the 127,000 square foot building to 100 percent leased.
• 25,000 square foot lease for DCT Fife 45 North in the Tacoma/Fife submarket of Seattle. The lease brings the 79,000 square foot building to approximately 77 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 June 30, 2015, the Company owned interests in approximately 72.6 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
Melissa Sachs, 303-597-2400
[email protected]

Source: DCT Industrial

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