DCT Industrial Trust® Leases 156,000 Square Feet in Northern California


Mar 15, 2011, 13:10 ET from DCT Industrial Trust Inc.

DENVER, March 15, 2011 /PRNewswire/ -- DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced a 156,000 square foot lease in Stockton, California with Weber Logistics, LLC, a leading third party logistics and supply chain management provider.

As a growing company, Weber's current facility in the Stockton area was no longer able to meet the company's needs.  DCT's Northern California team was able to solve Weber's current and future needs for a quality bulk distribution facility and meet the company's need to expand quickly. The state-of-the-art, 351,000 square foot building located at 4727 Fite Court was completed in 2003 and features a 28-foot clear height, an ESFR sprinkler system and a 193-foot secured truck court. Weber will be using the building as a regional distribution facility and does have an option to expand.

"From commencement of the leasing process to tenant move in, DCT Industrial was able to accommodate Weber's strict time restraints, which made us the ideal solution for Weber," said Bud Pharris, Vice President, Regional Director for DCT Industrial.  "Having worked with other major third party logistic companies in the past, I was happy to develop another relationship with this customer and provide them with the exceptional customer service DCT Industrial provides."

David Hasbrouck and John McManus of Cushman & Wakefield, Los Angeles represented Weber Logistics, LLC and Greg O'Leary and Mike Goldstein of Colliers International, Stockton represented DCT Industrial.

Bud Pharris, who served as point of contact on the Weber Logistics LLC lease, joined DCT Industrial in February 2011 as Vice President, Regional Director for Northern California. In his role, Bud is responsible for overseeing leasing and capital deployment activities in the Northern California market in which DCT Industrial owns or manages 25 buildings totaling almost 3.0 million square feet. 

Bud has 20 years of real estate experience, including most recently as Senior Development Manager with a leading real estate development company.  In this role he was responsible for the development of over 6.5 million square feet comprised of 24 different projects.  In addition to his ground-up development experience, Bud's prior responsibilities included the acquisition, leasing and disposition of real property and industrial assets. 

For leasing information on DCT Industrial's properties in the Northern California region, please contact Bud Pharris at 949-720-8000 or bpharris@dctindustrial.com.  

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.

About Weber Logistics, LLC

With 86 years of experience, Weber Logistics has evolved into a nationwide provider of logistics solutions. Weber's expertise includes non-asset based freight management, temperature sensitive asset-based LTL and TL services, dedicated and shared warehousing, distribution, cross-docking/pool distribution, transloading, network optimization modeling and analysis, retail compliance, order fulfillment, material handling, supply chain management, real estate development, and personnel staffing. Additional information is available at www.weberlogistics.com.

SOURCE DCT Industrial Trust Inc.