DCT Industrial Trust Inc.® Acquires Bulk Distribution Facility in Baltimore

DENVER, Sept. 13 /PRNewswire/ -- DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate company, today announced it has acquired a well-located and fully leased bulk distribution facility comprised of two buildings in Baltimore, Maryland totaling over 323,000 square feet.  The acquisition price of $13.8 million, or $43 per square foot, is significantly below our estimated replacement cost and is projected to generate a cash yield of 9.1% in the first year.  

Located at 6200-6300 Beckley Street, the facility is 100% leased to three tenants and increases DCT Industrial's portfolio within the Baltimore-Washington, D.C. market to 2.1 million square feet in eighteen buildings.  The facility is in close proximity to the Port of Baltimore and is conveniently accessible from I-95, I-83 and I-70, providing a desirable location with regional access to the Mid-Atlantic.  

"Baltimore is an important and growing market for DCT Industrial and our local team is excited to welcome three new customers to our portfolio in the market," said Tom Meehan, Vice President and Regional Market Representative for DCT Industrial.  "The acquisition of the Beckley Street facility further enhances our presence in the region, bringing two highly desirable buildings to our portfolio."

For more information on DCT Industrial's portfolio in the Baltimore-Washington, DC and other Mid-Atlantic markets, contact Tom Meehan at (201) 329-9001.

About DCT Industrial Trust Inc.®

DCT Industrial Trust Inc. (NYSE: DCT) is a leading industrial real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in high-volume distribution markets in the U.S. and Mexico. As of June 30, 2010, the Company owned interest in, managed or had under development 75.5 million square feet of properties leased to more than 800 customers, including 14.6 million unconsolidated square feet managed on behalf of three institutional joint venture partners.  Additional information is available at www.dctindustrial.com.

SOURCE DCT Industrial Trust Inc.