DCT Industrial Trust® Stabilizes Two Development Buildings

Dec 17, 2010, 09:00 ET from DCT Industrial Trust

DENVER, Dec. 17, 2010 /PRNewswire/ -- DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, today announced that it has fully stabilized two development buildings through the leasing of 267,000 square feet.  One building is located in the Inland Empire East submarket of Southern California and the other building is located in Monterrey, Mexico.  

In Monterrey, Mexico, Whirlpool Mexico executed a 127,000 square foot lease occupying 100% of the facility located in the Apodaca submarket. As a leading manufacturer and marketer of major home appliances, the company will be using the facility to support the distribution of finished inventory from one of its Monterrey manufacturing plants. Whirlpool Mexico was represented by Carlos Garcia Varela from Jones Lang LaSalle.

"We are delighted to expand our relationship with Whirlpool Mexico in Monterrey," stated Steve Schutte, Senior Vice President for DCT Industrial.  "Attracting a company of their caliber to our state-of-the-art facility in Apodaca closes what has been a very solid leasing year for us in Mexico, due in large part to the efforts of our local team of Guillermo Espinosa and Nanny Gaul."

Additionally, DCT Industrial stabilized its 460,000 square foot building at the Sycamore Canyon Logistics Center in the Inland Empire East submarket. The customer, a rapidly growing consumer manufacturer and distributor of apparel and related products, signed a 127,000 lease for the state-of-the-art facility located at 6255 Sycamore Canyon Boulevard. The tenant was represented by Joey Sugar of CB Richard Ellis Group, Inc. and DCT Industrial was represented by Jim Koenig of CB Richard Ellis Group, Inc.

In addition, DCT Industrial also secured a 69,000 square foot lease with a third party logistics company in Corona, California, bringing its consolidated portfolio in the Southern California region to 100% leased. The tenant was represented by Tim Hawke of Strata and DCT Industrial was represented by Steve Bellitti of Colliers International.

"Leasing activity in Southern California has picked up in recent quarters and we've been able to capitalize on that momentum and attract several top quality companies into our portfolio," said Jeff Phelan, President of Development and Managing Director for DCT Industrial.  "We expect market fundamentals to continue improving and are excited about our growth potential."

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.  The Company owns, manages or has under development 75.8 million square feet of assets leased to more than 820 customers, including 14.6 million square feet managed on behalf of three institutional joint ventures.  Additional information is available at www.dctindustrial.com.


For more information on DCT Industrial’s portfolio in Mexico, contact Nanny Gaul at ngaul@dctindustrial.com.  

For more information on DCT Industrial’s portfolio in Southern California, contact Dan Floriani at dfloriani@dctindustrial.com

SOURCE DCT Industrial Trust