This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DCT Industrial Trust Inc.® Announces Continued Growth In Houston

DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced significant expansion and progress in the Houston market.

The Company purchased an 11 acre land parcel in the Northwest submarket of Houston. Located along the Sam Houston Parkway, the site has prime Beltway 8 frontage and is well-suited to attract customers requiring high visibility from the highway. The Company plans to commence construction in the first quarter of 2013 on DCT Beltway Tanner Business Park, a 133,000 square foot, rear-load, light-industrial facility. The project is scheduled for completion in the third quarter of 2013.

DCT Industrial also announced the groundbreaking of DCT Airtex Industrial Center, a 267,000 square foot bulk distribution facility in North Houston located along Interstate 45. DCT Airtex Industrial Center is slated for completion in the third quarter of 2013.

“These projects are in line with DCT Industrial’s growth strategy as we continue to acquire and develop quality sites in land-constrained submarkets,” said Justin E. Bennett, Houston Regional Vice President, DCT Industrial. “Both developments represent excellent locations along two of Houston’s primary distribution routes, which offer users superior access and excellent visibility.”

In December, the Company acquired a two-building rail-served, industrial property located near the Port of Houston. The portfolio was acquired in an off-market transaction, totaling 313,000 square feet and is currently 100 percent occupied.

Additionally, DCT Industrial’s recently completed development project, DCT Northwest 8 Distribution Center, is now 100 percent leased.

Including the completion of the developments listed above, DCT Industrial’s Houston portfolio will be 3.60 million square-feet.

For investment, development and leasing information on DCT Industrial’s properties in the Houston market, please contact Justin E. Bennett at 832-204-4455 or at jbennett@dctindustrial.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 September 30, 2012, the Company owned interests in approximately 75.2 million square feet of properties leased to approximately 840 customers, including 16.7 million square feet operated on behalf of five institutional capital management partners. Additional information is available at www.dctindustrial.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs