SEATTLE--(BUSINESS WIRE)--DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, announced today it has executed over 1.0 million square feet of development leases in Seattle in the last 60 days.
The DCT Seattle team executed eight leases in six buildings bringing the market’s 1.4 million square foot development portfolio to 84 percent leased. Included in this leasing are two pre-leases totaling 325,000 square feet for buildings currently under construction.
“The execution of a million square feet of leases in 60 days exemplifies the strong tenant demand we are seeing in the Seattle market,” said Patrick Gemma, Senior Vice President, DCT Industrial. “The quick completion of these deals not only demonstrates an increase in the speed that tenants are making decisions, but also the strength of our local market team as they are able to find solutions to tenants’ needs.”
For leasing information on DCT Industrial’s properties and investment opportunism in the Seattle market, please contact Patrick Gemma at firstname.lastname@example.org.
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 June 30, 2015, the Company owned interests in approximately 72.6 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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