CHICAGO--(BUSINESS WIRE)--DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, today announced the acquisition of 21 acres in the Northern DuPage submarket of Chicago. The site currently houses two buildings which will be demolished for the development of a 350,000 square foot build-to-suit facility. The development is 100 percent pre-leased to CoreCentric Solutions, Inc., which will consolidate its three Chicago locations (including a 152,000 square foot lease at DCT’s 725 Center Avenue facility in Carol Stream) into the new building.
“We look forward to continuing our relationship with CoreCentric Solutions and are thrilled we were able to work together to find the best solution for their real estate needs,” said Brian Roach, Senior Vice President, DCT Industrial. “Additionally, this acquisition provides DCT with an excellent opportunity to develop in a premier infill location in an important submarket.”
DCT Industrial plans to commence construction in Q3 2015. CoreCentric Solutions was represented by Anthony Leeds with Signature Associates.
For information regarding DCT Industrial’s Chicago market, please contact Brian Roach at email@example.com or at 630-560-5000.
About DCT Industrial Trust®
DCT Industrial 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 December 31, 2014, the Company owned interests in approximately 72.3 million square feet of properties leased to approximately 900 customers. 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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