DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced the signing of a long-term lease for its development project, Slover Logistics Center, located in the Inland Empire West in Southern California. The 652,000 square foot lease is with Distribution Alternatives, Inc., a leading third-party logistics provider.
“The successful pre-lease of this development project, prior to construction, is a testament to our market team's ability to design a project that has been so well-received by the market,” said Jeff Phelan, National President of Development and Managing Director, West Region, DCT Industrial. “We were able to work closely with the customer to meet its needs and develop a modern, Class A, cross dock building.”
DCT Industrial will commence construction of Slover Logistics Center in the fourth quarter of 2012 and expects the project to be complete in the third quarter of 2013.
DCT Industrial was represented by Michael Chavez of Lee & Associates-Ontario and the tenant was represented by Rob Davidson of the Davidson Companies-Minnesota.For leasing information on DCT Industrial’s properties in the Southern California market, please contact Bud Pharris at 949-720-8000 or at firstname.lastname@example.org. About DCT Industrial Trust Inc.® DCT Industrial Trust Inc. is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of June 30, 2012, the Company owned interests in approximately 76.0 million square feet of properties leased to approximately 900 customers, including 17.0 million square feet operated on behalf of five institutional capital management partners. Additional information is available at www.dctindustrial.com. About Distribution Alternatives, Inc. Distribution Alternatives, Inc. is a leading third party provider of various contract distribution services, including storage and material handling for customers in various industries throughout the United States. Distribution Alternatives also is a wholesale distributor of cosmetics, consumer products and office supplies. Additional information is available at www.daserv.com