DENVER, Sept. 19 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc.
(NYSE: DCT), a leading industrial real estate investment trust, today
announced that it has leased an additional 188,468 square feet to the U.S.
Postal Service at a bulk distribution facility in Orlando, Fla. The U.S.
Postal Service now occupies the entire 355,732 square foot facility and plans
to use the space as a parcel processing center. The new lease includes a
seven-year term with options for renewal.
Daryl Mechem, DCT Industrial's Managing Director of Property Operations,
commented, "We are very pleased that we were able to accommodate the needs of
the U.S. Postal Service, and look forward to broadening our relationship."
Mechem continued, "This expansion is indicative of the widespread strength in
leasing activity that we have seen recently, with more than 1.4 million square
feet of leases signed since June 30, 2007."
DCT Industrial has contributed this property to its newly formed joint
venture with JPMorgan Asset Management. As of June 30, 2007, DCT Industrial
had approximately 1.4 million square feet owned or under development in the
Orlando market.
Mark Stratman of The Staubach Company represented the U.S. Postal Service
in the transaction and Tom McFadden of Advantis GVA represented DCT
Industrial.
About DCT Industrial Trust
DCT Industrial Trust Inc. is a leading real estate company specializing in
the ownership, acquisition, development and management of bulk distribution
and light industrial properties located in 24 of the highest volume
distribution markets in the U.S. and in Mexico. As of June 30, 2007, DCT
Industrial Trust owned, managed or had under development 418 properties
totaling more than 67 million square feet leased to more than 780 corporate
customers. Further information can be found at http://www.dctindustrial.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the federal securities laws, which are usually identified by the use of
words such as "anticipates," "believes," "estimates," "expects," "intends,"
"may," "plans," "projects," "seeks," "should," "will," and variations of such
words or similar expressions. These forward-looking statements reflect DCT
Industrial Trust's current views about its plans, intentions, expectations,
strategies and prospects, which are based on the information currently
available to DCT Industrial Trust and on assumptions it has made. Although DCT
Industrial Trust believes that its plans, intentions, expectations, strategies
and prospects as reflected in or suggested by those forward-looking statements
are reasonable, DCT Industrial Trust can give no assurance that the plans,
intentions, expectations or strategies will be attained or achieved.
Furthermore, actual results may differ materially from those described in the
forward-looking statements and will be affected by a variety of risks and
factors that are beyond its control including, without limitation: the
ability to identify and acquire properties on favorable terms, dependence on
tenants' financial condition, the uncertainties of real estate development and
acquisition activity, the ability to effectively integrate acquisitions, the
costs and availability of financing, the effects of local economic and market
conditions, regulatory changes and other risks and uncertainties detailed from
time to time in DCT Industrial Trust's filings with the Securities and
Exchange Commission. DCT Industrial Trust assumes no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE DCT Industrial Trust Inc. -
09/19/2007
CONTACT:
Sara Bockh, Corporate Communications of DCT Industrial Trust
Inc.,
+1-303-597-1550, investorrelations@dctindustrial.com
Web site: http://www.dctindustrial.com
