DCT Industrial Trust(R) Signs Three Lease Agreements in Cincinnati

DENVER, March 2 /PRNewswire-FirstCall/ -- DCT Industrial, a leading industrial real estate investment company, announced today that it has signed three new lease agreements in the greater Cincinnati region totaling 205,000 square feet.  The new agreements represent increased leasing activity in the region and include DCT's initial customer in the newly developed Port Union Commerce Park in Butler County, OH.  

"We are encouraged by an increase in leasing activity and are very pleased to have successfully completed three transactions," said William Chester, Vice President/Regional Market Representative.  "We have stabilized two buildings in our portfolio and have signed a lease with our first customer in our newly developed, state-of-the-art Port Union Commerce Park."

To mark the opening of Port Union Commerce Park, EPAC Technologies, a leading provider of supply chain solutions for the Book Publishing and High Technology markets, has signed a 10 year, 57,400 square foot lease.  Mike Lowe and Doug Whitten with CB Richard Ellis represented DCT Industrial in this transaction and EPAC was represented by Chuck McCosh of Miller Valentine Realty.  

Port Union Commerce Park is a state-of-the-art industrial park in northern Cincinnati developed by DCT Industrial. The total site consists of 100 acres for development and can accommodate users from 44,800 square feet up to 1.68 million square feet. Phase I of the project consists of one 546,000 square foot bulk building with flow-through loading and one 294,000 square foot rear-load facility.

Additionally, DCT Industrial has stabilized two buildings with the addition of two new customer leases.  A Fortune 100 company leased 126,480 square feet at DCT Industrial's New Buffington Distribution Center in Florence, KY, which fully stabilized the 448,945 square foot, two building complex.  Phoenix International Freight Services leased 21,334 square feet at DCT Industrial's Olympic Business Center in Erlanger, KY, which fully stabilized the 261,384 square foot, three building complex.  The Fortune 100 company was represented by Michael Daly, Grubb & Ellis/West Shell Commercial and Phoenix International Freight Services was represented by Brian Leonard, Jones Lang LaSalle.  DCT was represented by Mike Lowe and Doug Whitten, CB Richard Ellis on both transactions.

DCT Industrial currently owns 4.6 million square feet of bulk distribution and light industrial space in the Cincinnati market.  

For further questions on DCT Industrial's properties in the Cincinnati region, please contact Scott Blanding at 513-577-7161 or [email protected], or William Chester at 513-577-7163 or [email protected].  

About DCT Industrial Trust Inc.

DCT Industrial Trust (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 December 31, 2009, the Company owned, managed or had under development 75.4 million square feet of assets leased to approximately 810 customers, including 14.6 million square feet managed on behalf of three institutional joint venture partners.  Additional information is available at www.dctindustrial.com.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE: CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2008 revenue). The Company has more than 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.

SOURCE DCT Industrial Trust