DCT Industrial Trust Inc.® Acquires 45 Acres in Inland Empire West
DCT Industrial Trust Inc.®Acquires 45 Acres in Inland Empire West
Company Plans to Build 970,000 Square Foot Cross-Dock Distribution Facility in Fontana, CA
FONTANA, Calif.--(BUSINESS WIRE)-- DCT Industrial Trust Inc.® (NYS: DCT) , a leading industrial real estate company, today announced the acquisition of 45 acres in the heart of the Inland Empire West submarket of Southern California. DCT Jurupa Ranch is located in close proximity to the intersection of Interstate 10 and Interstate 15 in Fontana, CA. The Company plans to construct an approximately 970,000 square foot, cross-dock distribution facility.
"We are extremely pleased about the acquisition of this land in such a prime location, as it provides us with an excellent opportunity to develop one of the largest, state-of-the-art distribution facilities in an extremely sought-after submarket," said Bud Pharris, Regional Vice President, DCT Industrial. "We are confident that the DCT Jurupa Ranch development will be well received and appeal to a variety of customers."
DCT Industrial is currently in the entitlement process and plans to commence construction in Q1 2015.
For information regarding DCT Industrial's Southern California market, please contact Bud Pharris, at bpharris@dctindustrial.com or at 949-720-8000.
About DCT Industrial Trust Inc.®
DCT Industrial Trust Inc. 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. and Mexico. As of June 30, 2013, the Company owned interests in approximately 74.9 million square feet of properties leased to approximately 870 customers, including 12.3 million square feet operated on behalf of four institutional capital management partners. Additional information is available at www.dctindustrial.com.
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DCT Industrial Trust Inc.
Melissa Sachs, 303-597-2400
investorrelations@dctindustrial.com
KEYWORDS: United States North America California Colorado
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