DENVER, April 4, 2011 /PRNewswire/ -- DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced a 390,620-square-foot lease in the Nashville market with a Fortune 50 products manufacturer.
The cross-dock distribution building totals 556,600 square feet and is owned in a 50/50 joint venture between DCT Industrial and IDI. The building is conveniently situated along I-840, between I-24 and I-40, and is in close proximity to the Nashville International Airport. The state-of-the-art building was completed in 2008 and features a 32-foot clear height, an ESFR sprinkler system and a 180-foot secured truck court. The tenant will use the building as a regional distribution center.
The tenant was represented by Don Kent and Clinton Gilbreath of CB Richard Ellis. DCT Industrial and IDI were represented by Steve Preston and Douglas Johnson of CB Richard Ellis.
As of March 31, 2011, DCT Industrial's consolidated Nashville portfolio consists of 2.8 million square feet, which is 100% leased. Including properties held in unconsolidated joint ventures, DCT Industrial's Nashville portfolio consists of 4.4 million square feet, which is 96.2% leased.
For more information on leasing in the Nashville market, please contact John Tugman at 404-846-6847 or [email protected].
About DCT Industrial Trust Inc. ®
DCT Industrial Trust is a leading industrial real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of December 31, 2010, the Company owned interest in, managed or had under development approximately 76.3 million square feet of properties leased to more than 840 customers, including 14.6 million square feet managed on behalf of three institutional capital management joint venture partners. Additional information is available at www.dctindustrial.com.
SOURCE DCT Industrial Trust Inc.