DENVER, July 14 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc.
(NYSE: DCT), a leading industrial real estate investment trust, today
announced that it has signed 1.3 million square feet of leases in
Indianapolis.
Whirlpool Corporation has extended its full building 805,000 square foot
lease for 36 months. The company uses the bulk distribution facility, which
is located in the Plainfield submarket, to store and distribute replacement
parts for its products.
In the same submarket, Saint-Gobain Abrasives, Inc., has renewed its
400,000 square foot lease for 10 years in a building owned by DCT Industrial
Trust's institutional joint venture with Dividend Capital Total Realty Trust,
TRT/DCT Venture II. Saint-Gobain Abrasives, Inc., which is a subsidiary of
multinational conglomerate Compagnie de Saint-Gobain, is a full line technical
leader in the abrasives industry.
Masco Support Services, a wholly-owned subsidiary of Masco Corporation
that provides printing services to several Masco companies, has renewed its
lease for 128,000 square feet in the East submarket. Consistent with Masco's
previous leasing strategy, the lease term is 12 months and also includes a
3,700 square foot expansion.
'Leasing velocity in Indianapolis has remained consistently strong,' said
J. Cannon Green, Vice President and Regional Director of Leasing for DCT
Industrial Trust. 'Our ability to obtain timely lease renewals and retain
high-quality global customers is a testament to both the quality of our
Indianapolis portfolio and the area's key position in the global supply
chain.'
About DCT Industrial Trust
DCT Industrial Trust Inc. is a leading industrial real estate company that
owns, operates and develops high-quality bulk distribution and light
industrial properties in high-volume distribution markets in the U.S. and
Mexico. As of March 31, 2008, the Company owned, managed or had under
development 76.9 million square feet of assets leased to approximately 850
corporate customers, including 12.1 million square feet managed on behalf of
three institutional joint venture partners. Additional information is
available at http://www.dctindustrial.com.
SOURCE DCT Industrial Trust Inc.
