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DCT Dct Industrial Trust (delisted)

66.28
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Dct Industrial Trust (delisted) NYSE:DCT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 66.28 0 01:00:00

DCT Industrial® Executes Three Pre-Leases Totaling 172,000 Square Feet in Northwest Houston

13/01/2015 9:10pm

Business Wire


Dct Industrial Trust (delisted) (NYSE:DCT)
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Northwest Crossroads Logistics Centre I 100 Percent Pre-leased

DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, announced today it executed three pre-leases totaling 172,000 square feet in its Northwest Houston development, DCT Northwest Crossroads Logistics Centre. The execution of these leases brings the first phase of the development, a 362,000 square foot, multi-tenant building, to 100 percent pre-leased.

“The execution of these pre-leases in DCT Northwest Crossroads Logistics Centre I is a testament to the strong tenant demand we are seeing within the Northwest submarket of Houston,” said Justin E. Bennett, Regional Vice President, DCT Industrial. “We believe that the momentum experienced in pre-leasing the first phase of the development will continue as we actively market the second phase, DCT Northwest Crossroads Logistics Centre II.”

As previously announced, in June 2014, the Company pre-leased 52 percent of Northwest Crossroads Logistics Centre I through the execution of a 190,000 square foot lease with Lennox. The development is expected to be completed in Q1 2015 with tenants taking occupancy in Q1 2015.

DCT Northwest Crossroads Logistics Centre is a 682,000 square foot, two building development in the Northwest submarket of Houston. The Company commenced construction on Phase II, a 320,000 square foot building, in Q3 2014 and is slated for completion in Q2 2015.

For leasing information on DCT Industrial’s properties and investment opportunism in the Houston market, please contact Justin Bennett at jbennett@dctindustrial.com.

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 September 30, 2014, the Company owned interests in approximately 74.3 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®Melissa Sachs, 303-597-2400investorrelations@dctindustrial.com

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