DENVER, June 30 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate company, today announced it has signed leases totaling over 184,000 square feet in the Monterrey and Queretaro markets in Mexico.
"We are excited to welcome two new customers to our Mexico portfolio and see the increased activity as a positive sign that the markets in Mexico are stabilizing," said Steve Schutte, Senior Vice President of DCT Industrial. "Our local teams are doing a great job identifying deals and the quality and location of our portfolio positions us well to serve the needs of companies operating and growing in Mexico."
In Monterrey, DCT Industrial executed a 117,328 square foot lease with a leading designer and developer of athletic equipment. The facility, located in the Guadalupe submarket of Monterrey, will serve as a key distribution hub for the customer which will occupy 100 percent of the facility. The facility is a brand new, state of the art development building for which construction was completed in the fall of 2009.
In Queretaro, Nutec, a leading feed manufacturer with more than 35 percent of the Mexican Agro-Food market, has leased 67,306 square feet of bulk distribution space. The building is centrally located near the Queretaro-Mexico Highway and the NAFTA Highway intersection and will serve as the regional distribution center for Nutec.
DCT Industrial owns 1.7 million square feet in Mexico across five markets including Guadalajara, Monterrey, Queretaro, San Luis Potosi, and Tijuana. For more information on DCT Industrial's portfolio in Mexico, contact Guillermo Espinosa at firstname.lastname@example.org or Nanny Gaul at email@example.com.
About DCT Industrial Trust Inc.®
DCT Industrial Trust Inc. (NYSE: DCT) 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 March 31, 2010, the Company owned, managed or had under development 75.4 million square feet of assets leased to approximately 810 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners. Additional information is available at www.dctindustrial.com.
SOURCE DCT Industrial Trust Inc.