DENVER--(BUSINESS WIRE)--DCT Industrial Trust ® (NYSE: DCT), a leading industrial real estate company, today announced the acquisition of 14.6 acres in the Northeast submarket of Denver for the development of DCT Summit Distribution Center, a 168,000 square foot distribution building.
DCT Industrial’s Denver team worked with multiple sellers to assemble three, ideally-located land parcels near I-70 and Denver International Airport, providing the necessary space to develop a Class A front-loading building in this submarket.
“Denver’s thriving economy and population growth has created one of the strongest distribution markets in the country, creating a greater need for more well-located, state-of-the-art distribution buildings,” said Mark Bowen, Senior Vice President, DCT Industrial. “DCT Summit Distribution Center is perfectly located to address this need, and is being developed to satisfy the requirements of today's sophisticated tenant.”
For information on leasing and other DCT Industrial properties and investment opportunities in the Denver market, please contact Mark Bowen at email@example.com.
About DCT Industrial Trust Inc.®
DCT Industrial is a leading industrial real estate company specializing in the ownership, 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, 2016, the Company owned interests in approximately 72.0 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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