DCT Industrial Trust Inc. (NYSE:DCT) doing it right with Chicago’s DCT 55


Dallas, Texas 09/12/2013 (Financialstrend) – The leading industrial real-estate company, DCT Industrial Trust Inc. (NYSE:DCT) announced that it has now executed a 401,000 sqft long-term lease at the DCT 55 facility located in Romeoville, Illinois. DCT 55 is a brand-new 604,000 sqft, Class-A, LEED-certified facility in the southern I-55 industrial-submarket in Chicago. The tenant, who is a publicly-traded international manufacturer of coatings and paints, is expected to take over occupancy in the Q4.

High-end projects

The Regional Vice-President Of DCT, Brian Roach said that DCT 55 is in one of the most sought-after distribution-areas in Chicago. It has very favorable supply-dynamics for buildings of this size. He added that the company is thrilled to have zeroed-in on the perfect anchor-customer

Roach also said that apart from this, given the strong tenant-demand and DCT 55’s state-of-the-art design, DCT Industrial Trust Inc. (NYSE:DCT) feels confident about leasing out the rest of the building.

The company has also announced a 102,000 sqft lease for the complete redevelopment project situated at 2567 Greenleaf in the Elk Grove Village, Illinois and a 152,000 sqft lease for the remainder of its project situated at 785 Center Street.

Wednesday’s trading

In Wednesday’s trading session, DCT Industrial Trust Inc. (NYSE:DCT) stock rose by 0.42%. The opening price of the shares was $7.06 which touched an intraday high of $7.11 before dipping to close at $7.09. Approximately 4.43 million DCT shares were traded on Wednesday and the average volume of shares traded over a 30 day period was 4.86 million. The company has a market capitalization of $2.24 billion.

About the company

DCT is an industrial real-estate company. It is involved in owning, operating and developing bulk-distribution and light-industrial properties in various distribution markets in the U.S and Mexico. It is structured like an umbrella partnership real-estate investment trust. Under this umbrella, a large part of its business is conducted via DCT Industrial Operating Partnership LP.

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