More than 770,000 Square Feet of Leases Signed
DENVER, May 8 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc.(NYSE: DCT), a leading industrial real estate investment trust, todayannounced significant leasing activity in the Memphis market.
Mallory Alexander International Logistics, a leading third party logisticscompany, has renewed its lease for 218,000 square feet and expanded into anadditional 120,000 square feet to occupy the entire 338,000 square footbuilding. The lease term is three years.
Neely Mallory, Chairman and Chief Executive Officer of Mallory AlexanderInternational Logistics, commented, 'DCT Industrial was able to meet our needsfor additional high-quality distribution space. We are pleased that we willbe able to grow our Memphis operations without any disruption to ourbusiness.'
HD Supply Distribution Services renewed its lease for 193,000 square feetand expanded into an additional 91,000 square feet to occupy the entire284,000 square foot building under a seven year lease term.
DCT Industrial also added a new customer, Quebecor World Logistics, theworld's largest distributor of catalogs, publications and newspaper inserts,to a 149,000 square foot bulk distribution facility under a 39 month leaseterm.
'We are extremely happy with the level of leasing activity that we've seenin Memphis over the past few months,' said John Tugman, Vice President andRegional Director of Leasing for DCT Industrial. 'Our portfolio ofhigh-quality assets in Memphis enables us to meet the expansion needs ofexisting customers as well as attract new customers.'
DCT Industrial's operating portfolio in Memphis is currently 96.9% leased.The Company owns or manages 5.4 million square feet in Memphis and has one885,000 square foot building under development.
About DCT Industrial Trust
DCT Industrial Trust Inc. is a leading industrial real estate company thatowns, operates and develops high-quality bulk distribution and lightindustrial properties in high-volume distribution markets in the U.S. andMexico. As of March 31, 2008, the Company owned, managed or had underdevelopment 76.9 million square feet of assets leased to approximately850 corporate customers, including 12.1 million square feet managed on behalfof three institutional joint venture partners. Additional information isavailable at http://www.dctindustrial.com.
SOURCE DCT Industrial Trust Inc.
