DALLAS--(BUSINESS WIRE)--DCT Industrial Trust® (NYSE: DCT), a leading industrial real estate company, today announced the acquisition of 27.4 acres in Dallas, TX in two separate transactions.
In May 2016, the Company acquired 17.5 acres in the Northeast submarket for the development of DCT Miller Road, a 270,000 square foot Class A, multi-tenant facility. Additionally, in July 2016, the Company acquired 9.9 acres in the DFW Airport submarket for the development of DCT DFW Trade Center, a 112,000 square foot Class A, multi-tenant facility.
“The DCT Miller Road parcel has been the most sought-after land in the Northeast submarket for several years,” said Art Barkley, Senior Vice President, DCT Industrial. “We are extremely pleased that we were able to build a relationship with the seller and secure the best land site in that area. Furthermore, we are excited about the visibility DCT DFW Trade Center will offer our customers along Highway 121. Both sites are in premier locations within their respective submarkets and will appeal to a wide variety of customers.”
For information on leasing and other DCT Industrial properties and investment opportunities in the Dallas market, please contact Art Barkley firstname.lastname@example.org.
About DCT Industrial Trust Inc.®
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 March 31, 2016, the Company owned interests in approximately 71.9 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.
Click here to subscribe to Mobile Alerts for DCT Industrial.