logo


DCT Industrial Trust Announces Asset Sales of $64.5 Million in Dallas
Monday, June 16, 2008 8:31 AM



Year-to-Date Dispositions Total More than $70 Million


DENVER, June 16 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc.(NYSE: DCT), a leading industrial real estate investment trust, todayannounced that it has sold three stabilized operating assets in the Dallasarea for a combined price of $64.5 million in two separate transactions,bringing year-to-date dispositions to greater than $70 million.


The buildings total 1.1 million square feet and were 100% leased at thetime of sale. Two of the buildings are located in the Dallas Fort WorthAirport submarket and the third building is in Pinnacle Park, which is inclose proximity to the Dallas Central Business District.


'We were extremely pleased with the level of interest our Dallas assetsreceived,' commented Teresa Corral, Senior Vice President of Fund Managementand Dispositions for DCT Industrial. 'The strategic sale of these threeoperating properties further strengthens the Company's financial position forredeployment into growth opportunities.'


Jack Fraker of CB Richard Ellis represented DCT Industrial in the Dallastransactions.


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 approximately 850corporate customers, including 12.1 million square feet managed on behalf ofthree institutional joint venture partners. Additional information isavailable at www.dctindustrial.com.


SOURCE DCT Industrial Trust Inc.


(Source: PR Newswire )


(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia