DCT Industrial Trust® Exits Columbus
28 October 2014 - 12:15AM
Business Wire
DCT Industrial Trust® (NYSE:DCT), a leading industrial real
estate company, today announced the disposition of a 3.5 million
square foot portfolio in Columbus, OH for $112.1 million to Exeter
Property Group. The sale of this portfolio marks the Company’s exit
from the market.
The disposition of these assets is a significant milestone in
repositioning DCT Industrial’s portfolio in major U.S. distribution
markets and reducing the numbers of markets in which it
operates.
DCT Industrial was represented by Michael Caprile of CBRE.
About DCT Industrial
Trust®
DCT Industrial is a leading industrial real estate company
specializing in the acquisition, development, leasing and
management of bulk distribution and light industrial properties in
high-volume distribution markets in the U.S. As of June 30, 2014,
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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MEDIA AND INVESTOR CONTACT:DCT Industrial TrustMelissa Sachs,
303-597-2400VP, Corporate Communications & Investor
Relationsinvestorrelations@dctindustrial.com
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