DENVER, Feb. 9 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate investment trust, today announced that it has leased the entire Southcreek IV development in Atlanta to one of the nation's leading food marketers and manufacturers that will use the building as its new Southeast distribution hub.
Southcreek IV is a 557,000 square foot bulk distribution facility located in the Airport/I-85 South submarket of Atlanta. The lease-up of Southcreek IV coupled with the recent execution of a 200,000 square foot lease with Owens Corning Insulating Systems has brought occupancy of the 1.8 million square foot Southcreek Commerce Center to 100%
'These two recent leases, combined with current tenants Navistar and SC Johnson, further validate the park as a strategic distribution center,' said Todd Carter, Vice President and Regional Director of Leasing for DCT Industrial. 'Southcreek's premier location provides immediate access to major distribution arteries as well as the CSX Intermodal and Hartfield Jackson International Airport.'
As of September 30, 2008, DCT Industrial owned or managed 7.3 million square feet in Atlanta. Lynn Reich, Mike Spears and Sean Boswell of Colliers International represented the tenant in the transaction and Brad Pope and Mike Chambers of NAI Brannen Goddard represented DCT Industrial.
About DCT Industrial Trust
DCT Industrial Trust 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 September 30, 2008, the Company owned, managed or had under development 75.8 million square feet of assets leased to approximately 850 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners. Additional information is available at www.dctindustrial.com.
SOURCE DCT Industrial Trust Inc.