DCT Industrial Trust Leases 200,000 Square Feet in Atlanta
January 29 2009 - 4:10PM
PR Newswire (US)
DENVER, Jan. 29 /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc.
(NYSE: DCT), a leading industrial real estate investment trust,
today announced that it has leased 200,352 square feet in Atlanta
to Owens Corning Insulating Systems at Southcreek Distribution
Center I. Owens Corning Insulating Systems is a wholly owned
subsidiary of Owens Corning (NYSE:OC) that manufactures and sells
fiberglass insulation and will use the space to distribute its
products that are manufactured nearby. Factors influencing Owens
Corning's decision to lease Southcreek I include its close
proximity to both its manufacturing plant as well as major
highways. "We are extremely pleased to announce Owens Corning
Insulating Systems as a new customer," said Todd Carter, Vice
President and Regional Director of Leasing for DCT Industrial. "Our
high-quality portfolio of industrial assets in the Atlanta market
continually enables us to meet the needs of potential customers as
well as retain existing customers." As of September 30, 2008 DCT
Industrial owned or managed 7.3 million square feet in Atlanta.
Paul Roeser and Bob Robers of Jones Lang LaSalle represented Owens
Corning Insulating Systems in the transaction and Brad Pope and
Mike Chambers of NAI Brannen Goddard represented DCT Industrial.
About DCT Industrial Trust DCT Industrial Trust 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
September 30, 2008, the Company owned, managed or had under
development 75.8 million square feet of assets leased to
approximately 850 customers, including 14.6 million square feet
managed on behalf of three institutional joint venture partners.
Additional information is available at
http://www.dctindustrial.com/. DATASOURCE: DCT Industrial Trust
Inc. CONTACT: Sara Knapp, Corporate Communications of DCT
Industrial Trust Inc., +1-303-597-1550, Web Site:
http://www.dctindustrial.com/
Copyright
Owens Corning (NYSE:OC)
Historical Stock Chart
From May 2024 to Jun 2024
Owens Corning (NYSE:OC)
Historical Stock Chart
From Jun 2023 to Jun 2024