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
TheStreet Open House

DCT Industrial Trust Inc.® Leases DCT 55 In Chicago

Stocks in this article: DCT

DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today that it has executed a 401,000 square foot long-term lease at DCT 55 in Romeoville, Illinois. DCT 55 is a new 604,000 square foot, Class-A, LEED certified facility within the southern I-55 industrial submarket of Chicago. The tenant, a publicly traded international manufacturer of paints and coatings, is expected to take occupancy in the fourth quarter.

“DCT 55 is in one of the most desirable distribution areas in Chicago, with favorable supply dynamics for buildings of its size. We are thrilled to have found the perfect anchor customer,” said Brian Roach, Regional Vice President of DCT Industrial. “In addition, given strong tenant demand and the building’s state-of-the-art design, we feel confident about leasing the balance of the building.”

In addition to the DCT 55 lease, DCT Industrial announced a 102,000 square foot lease for the entire redevelopment project at 2567 Greenleaf in Elk Grove Village, IL as well as a 152,000 square foot lease for the remaining balance of its value-add project at 785 Center Street in Carol Stream, IL.

“Over the last year, DCT has acquired 1.7 million square feet and developed or redeveloped an additional 706,000 square feet in the Chicago market, bringing the Company’s total portfolio to 7.8 million square feet, an increase of 31.7 percent,” said Neil Doyle, DCT’s Managing Director of the Central Region. “During the same timeframe, we have leased 1.6 million square feet, bringing our Chicago portfolio to 94.6 percent leased. In a highly competitive market like Chicago, this progress has exceeded our expectations and is a true credit to Brian and his team.”

For leasing information on DCT Industrial’s properties and investment opportunities in the Chicago market, please contact Brian Roach at broach@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 June 30, 2013, the Company owned interests in approximately 74.9 million square feet of properties leased to approximately 870 customers, including 12.3 million square feet operated on behalf of four institutional capital management partners.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs