22.03.2012 21:10:00
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DCT Industrial Trust Inc. ® Acquires 32.6 Acre Land Parcel in Chicago
DCT Industrial Trust Inc. ® (NYSE: DCT), a leading industrial real estate company, today announced the acquisition of a 32.6 acre land parcel in Romeoville, within the southern I-55 industrial submarket of Chicago. The Company plans to start construction in May on DCT Boldt Park, a 604,000 square foot, cross-dock facility. The building will incorporate DCT Industrial’s sustainable design initiative and DCT Industrial will seek LEED certification on the building.
"The I-55 submarket is one of the most desirable distribution areas in Chicago, with favorable supply dynamics for buildings of this size,” said Brian Roach, Regional Vice President, DCT Industrial. "We are confident that DCT Boldt Park will be well-received in the market given strong tenant activity and the building’s state-of-the-art design."
DCT Industrial is the developer of the project and has hired Ryan Companies as the general contractor for the building. The project is scheduled for completion fourth quarter 2012 and will complement DCT Industrial’s existing 5.6 million square foot Chicago portfolio, including unconsolidated assets.
For information regarding DCT Development, please contact Jeff Phelan at jphelan@dctindustrial.com. For information regarding DCT Industrial’s Chicago market, please contact Brian Roach, at broach@dctindustrial.com.
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 quality bulk distribution and light industrial properties located in high-volume distribution markets in the U.S. and Mexico. As of December 31, 2011, the Company owned interests in, managed or had under development approximately 75.5 million square feet of properties leased to approximately 900 customers, including 13.3 million square feet managed on behalf of three institutional joint venture partners. Additional information is available at www.dctindustrial.com.
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