DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced the signing of a long-term lease in Building A of its development project, DCT Commerce Center at Pan American West. The two-building development project is located in the Airport West submarket of Miami. The 150,000-square-foot lease is with a leading third-party logistics company.
“We are very pleased with the pre-lease of this space as it not only demonstrates the quality of our developments, but also the market demand we are seeing for the project,” said Mike Ruen, Managing Director, East Region, DCT Industrial. “In addition to providing the customer with a quality Class A building, our local team was able to work directly with the tenant and create a space that best fit their needs.”
The Company commenced construction on Building A of DCT Commerce Center at Pan American West in the first quarter of 2012. The first of two buildings, Building A totals 167,000 square feet and is expected to be completed in the fourth quarter of 2012. The Company will commence construction on Building B, totaling 167,000 square feet, in September of 2012.
DCT Industrial was represented by Devin White of CBRE and the tenant was represented by David Albert of CBRE.For leasing information on DCT Industrial’s properties in the Miami market, please contact Todd Watson at 407-816-8400 or at email@example.com. 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.