DENVER, April 11, 2011 /PRNewswire/ -- DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, today announced the leasing of 93,300 square feet in Mexico, stabilizing two buildings located in San Luis Potosi and Queretaro. This activity brings DCT Industrial's Mexico portfolio, of 1.7 million square feet, up to 93.3% leased.
In San Luis Potosi, a 69,100 square foot lease was signed by GP Innovative Machining and Assembly de Mexico, a subsidiary of General Products Corporation, a leading manufacturer of diverse precision machined components and complex integrated assemblies for the automotive, commercial and aerospace industries. GP Innovative, who is expanding their presence in Mexico, will occupy 100% of the building. DCT Industrial was represented by Amaya Ibarguengoitia of Grubb & Ellis-Select.
Additionally, DCT Industrial secured a 24,200 square foot lease in Queretaro with OLSA Sistemas de Iluminacion Automotriz, a subsidiary of OLSA Brazil and Italy, a worldwide supplier of exterior and interior lighting components for the automotive industry. The lease brings the recently redeveloped 134,800 square foot building to 100% leased. OLSA was represented by Miguel Cavazos of Citius Capital.
"We continue to see Mexico as an attractive market for manufacturing and distribution serving the growing Mexican and US economies," said Guillermo Espinosa, Vice President, DCT Industrial, Mexico. "We are pleased to have established strong relationships with these tenants and provide them with quality facilities to meet their needs."
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.