Expands Relationship with Key Customer
07/12/2007
DENVER, CO — July 12, 2007 — DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate investment trust, today announced that it has signed an agreement to expand Ozburn-Hessey Logistics, LLC (OH Logistics), a leading provider of supply chain management solutions, into an additional 206,000 square feet at Pinnacle IX. With the expansion, OH Logistics will occupy the entire 563,000 square foot bulk distribution warehouse facility in Romeoville, Illinois.
“Adding this space to our North American network allows OH Logistics to offer greater flexibility and scalability to address our clients’ needs in the Chicago market,” commented Bob Spieth, President of Contract Logistics for the company.
“As one of our largest customers, we are thrilled to see our relationship with OH Logistics grow to more than 800,000 square feet in four markets. Being able to meet the needs of one of the premier logistics companies speaks to our long-term strategy of acquiring quality distribution facilities in core logistics markets,” said DCT Industrial Managing Director, Daryl Mechem. As of March 31, 2007, DCT Industrial had more than 4.1 million square feet owned, under management or under development in the Chicago market.
J.D. Salazar with Champion Realty Advisors in Chicago and Randy Wolcott with ProVenture Real Estate in Nashville represented Ozburn-Hessey in the transaction, while Kirk Armour with CB Richard Ellis in Chicago 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 March 31, 2007, DCT Industrial Trust owned, managed or had under development 405 properties totaling approximately 65 million square feet leased to more than 780 corporate customers. Properties include 367 consolidated operating properties, nine consolidated properties under development or redevelopment, two properties held for contribution, 21 unconsolidated properties held in joint ventures, and six properties under management. Further information can be found at www.dctindustrial.com.
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