DENVER–DCT Industrial Trust Inc.® (NYSE: DCT), a leading industrial real estate company, announced today that it has executed two full-building e-commerce leases in California totaling 497,000 square feet.
In the Hayward submarket of Northern California, the Company executed a 297,000 square foot lease for a current redevelopment project at 22290 Hathaway Street. The tenant is expected to take occupancy October 1, 2016 upon the completion of improvements.
In the LAX submarket of Los Angeles, the Company executed a 200,000 square foot lease with a leading, global internet-based retailer at 2815 W El Segundo Boulevard. The tenant took occupancy of the full building immediately.
“We are very pleased to announce the execution of these two full-building leases,” said Bud Pharris, Managing Director, West Region for DCT Industrial. “The recent completion of the leases with two different e-commerce companies reflects the continued and rapid growth of internet-based retailing. Consumers are now expecting products to arrive even faster from their online orders, translating into a strong demand for quality infill distribution space.”
For leasing information on DCT Industrial’s properties and investment opportunities in the Southern California market, please contact Bud Pharris at email@example.com. For information on DCT Industrial in Northern California, please contact Dave Haugen 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 December 31, 2015, the Company owned interests in approximately 71.1 million square feet of properties leased to approximately 900 customers. DCT Industrial 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.