DENVER--(BUSINESS WIRE)--DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, today announced the promotion of John “Bud” Pharris to Managing Director, West Coast Region, and appointment to DCT’s Executive and Investment Committees. The promotion is effective August 1, 2014.
Mr. Pharris’ promotion is a testament to his leadership and reflects the evolution of his responsibilities since joining DCT Industrial in January of 2011 as Vice President, Northern California. Ten months later Pharris became the Company’s Regional Vice President, Southern California. He has more than 25 years of commercial real estate industry experience.
“Bud has been instrumental in the execution of DCT Industrial’s strategy in Southern California, contributing to the growth and strength of our presence in that market. His leadership, capabilities, and strong relationships will allow him to excel at managing our talented West Coast Region team and he will be a valuable member of the Executive Committee,” said Phil Hawkins, CEO of DCT Industrial Trust. “In addition, Bud’s new responsibility will allow our President, Jeff Phelan, an opportunity to be even more focused on national market initiatives.”
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.
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