This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DCT Northwest Crossroads Logistics Centre In Houston (Graphic: Business Wire)

Stocks in this article: DCT

DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced it has pre-leased 190,000 square feet of the 362,000 square foot building under construction at DCT Northwest Crossroads Logistics Centre. The Company commenced construction on Phase I of DCT Northwest Crossroads Logistics Centre in Q2 2014.

“We are very pleased that we could provide a Class A, high-quality solution to an expanding user in the marketplace,” said Justin E. Bennett, Regional Vice President DCT Industrial. “We continue to see significant growth in the Houston market and believe the pre-leasing of our most recent development is a testament to the strength of DCT’s development program as we continue to source highly-desirable locations.”

The tenant, Lennox International, is a leading manufacturer of climate control solutions for the heating, air conditioning and refrigeration industries and plans on taking occupancy when construction is complete in late 2014 or early 2015.

“The DCT Houston team provided an excellent level of attention and service, creating a professional and pleasant working experience,” said Amy Strauss, Manager Corporate Real Estate Lennox International. “Their responsiveness, combined with a superbly located opportunity off the Beltway 8 in Northwest Houston won our newest 190,000 square foot Regional Distribution Center.”

DCT Northwest Crossroads Logistics Centre is a 682,000 square foot, two building development project in the Northwest submarket of Houston. The Company plans to commence construction on Phase II, a 320,000 square foot building, in the second half of 2014.

DCT Industrial was represented by Will Hedges of DCT Industrial and Lennox was represented by Gene Allred of Allred & Associates.

For 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. As of March 31, 2014, the Company owned interests in approximately 73.1 million square feet of properties leased to approximately 900 customers, including 8.6 million square feet operated on behalf of four institutional capital management partners. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB- from Standard & Poor’s Rating Services. Additional information is available at www.dctindustrial.com.

Click here to subscribe to Mobile Alerts for DCT Industrial.



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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

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