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 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. 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.
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