DCT Industrial Trust Inc.® Announces Pre-Lease of Slover Logistics Center II
DCT Industrial Trust Inc.®Announces Pre-Lease of Slover Logistics Center II
Both Buildings of DCT Slover Leased Prior to Construction
FONTANA, Calif.--(BUSINESS WIRE)-- DCT Industrial Trust Inc.® (NYS: DCT) , a leading industrial real estate company, today announced the pre-lease of a 610,000 square foot building, DCT Slover Logistics Center II. The facility is the second building in the DCT development, totaling 1.3 million square feet in the Inland Empire West in Southern California.
Distribution Alternatives, Inc. has committed to a long-term lease of DCT Slover Logistics Center II, in addition to its previously announced pre-lease of DCT Slover Logistics Center I. The leading third-party logistics provider will be the sole tenant of the campus and will take occupancy immediately upon completion of each building.
"This development allows DCT to meet our customer's needs and pre-lease both buildings more than a year before construction is complete," said Jeff Phelan, President, DCT Industrial. "DCT's expertise in ground-up development allows us to provide successful solutions to complex expansion needs across our markets."
Bud Pharris, Regional Vice President of DCT Industrial said, "The pre-leasing of these two buildings speaks to the strength of industrial real estate in the Inland Empire, particularly with respect to the desire for cross-dock, Class-A facilities."
DCT Industrial commenced construction on DCT Slover Logistics Center I in Q4 2012 and will commence construction on DCT Slover Logistics Center II in Q3 2013. The 1.3 million square foot development project is estimated to be complete in Q1 of 2014.
DCT Industrial was represented by Michael Chavez of Lee & Associations-Ontario and the tenant was represented by Rob Davidson of Davidson Companies-Minnesota.
For more information on DCT Industrial's properties in the Southern California market, please contact Bud Pharris at 949-720-8000 or at bpharris@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 March 31, 2013, the Company owned interests in approximately 74.5 million square feet of properties leased to approximately 880 customers, including 14.2 million square feet operated on behalf of four institutional capital management partners. Additional information is available at www.dctindustrial.com.
About Distribution Alternatives, Inc.
Distribution Alternatives, Inc. is a leading third party provider of various contract distribution services, including storage and material handling for customers in various industries throughout the United States. Distribution Alternatives also is a wholesale distributor of cosmetics, consumer products and office supplied. Additional information is available at www.daserv.com.
DCT Industrial Trust Inc.
Melissa Sachs, 303-597-2400
VP, Corporate Communications & Investor Relations
investorrelations@dctindustrial.com
KEYWORDS: United States North America California Colorado
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