HOUSTON--(BUSINESS WIRE)-- DCT Industrial Trust ® (NYSE: DCT), a leading real estate company, today announced the acquisition of 13.2 acres, in the Port submarket of Houston, for a 222,000 square foot build-to-suit facility for DHL Supply Chain USA.
The site is located adjacent to two existing DCT Industrial buildings on State Highway 225, which are also occupied by DHL Supply Chain USA, a leading logistics company. The new Class-A distribution building will feature 36-foot clear height and will be rail served by the Port Terminal Rail Association. Upon completion, DCT Industrial and DHL’s La Porte campus will total 535,000 square feet.
"We are very pleased to accommodate the growth of DHL in a state-of-the-art facility that provides modern functionality combined with preferred rail access in the Port of Houston," said Justin Bennett, Senior Vice President, DCT Industrial. "The Port of Houston continues to exhibit a strong trajectory of user demand; and as this transaction demonstrates, DCT is well-positioned to both capture and create value within this expanding submarket.”
The facility was designed by Terry Kennedy of Munson Kennedy Partnership and will be constructed by Angler Construction. Construction is scheduled to commence in Q2 2017.
For information on leasing and other DCT Industrial properties and investment opportunities in the Houston market, please contact Justin Bennett at firstname.lastname@example.org.
About DCT Industrial Trust®
DCT Industrial is a leading real estate company specializing in the ownership, development, acquisition, leasing and management of bulk-distribution and light-industrial properties in high-demand distribution markets in the U.S. DCT’s actively-managed portfolio is strategically located near population centers and well-positioned to take advantage of market dynamics. As of December 31, 2016, the Company owned interests in approximately 74.0 million square feet of properties leased to approximately 900 customers. DCT 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.
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DCT Industrial Trust Inc.
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Source: DCT Industrial Trust Inc.