SAN DIEGO--(BUSINESS WIRE)--DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today the acquisition of a value-add, Class A, 111,000 square foot building located in the Carlsbad submarket of North County, San Diego. Located in the Carlsbad Research Center, a 560-acre master-planned business park, the building is currently 44 percent leased.
“We are excited about the acquisition of this high-quality, value-add building,” said Bud Pharris, DCT Industrial’s Managing Director, West Coast Region. “This well-located, highly-functional facility provides us with an excellent growth opportunity in our Southern California portfolio through the lease-up of the vacant space.”
This acquisition brings DCT Industrial’s Southern California consolidated portfolio to 6.7 million square feet.
For leasing information on DCT Industrial’s properties and investment opportunities in the Southern California market, please contact either Bud Pharris email@example.com or Jake Smith at firstname.lastname@example.org at 949-720-8000.
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 June 30, 2014, the Company owned interests in approximately 74.0 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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