DCT Industrial Trust Inc.(R) Signs 472,000 Square Foot Development Lease in Memphis

DENVER, March 23 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced it has signed a lease for 472,000 square feet in its development portfolio at Deltapoint Business Park in Memphis.  The facility, located on Getwell Road and in close proximity to Memphis International Airport and the FedEx hub, will serve as the regional distribution center for a world leader in soy-based technologies and ingredients.

The lease brings the building to 100 percent occupancy and increases DCT Industrial's consolidated Memphis portfolio to 93 percent occupied.  Other local tenants include Johnson & Johnson, Nissan, Technicolor and Remington Firearms.

"Our team has done a great job of responding to customer needs and has established a solid portfolio in the Memphis market," said John Tugman, Vice President for DCT Industrial.  "We are pleased with the momentum in the market and the increasing occupancy rates as we see the economy gradually improve."

Mark Jenkins and Phil Dagastino, Jr. of Commercial Alliance Management, represented DCT Industrial and Tracy Speake, Paradigm Realty Advisor, represented the customer.

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 December 31, 2009, 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.