Done Deals: DCT Industrial Trust Leases 200,000 SF in Atlanta

Friday, January 30, 2009

DCT Industrial Trust Leases 200,000 SF in Atlanta

DENVER, CO /PRNewswire-FirstCall/ -- DCT Industrial Trust Inc. (NYSE: DCT), a leading industrial real estate investment trust, has leased 200,352 square feet in Atlanta to Owens Corning Insulating Systems at Southcreek Distribution Center I. (top right and middle left photos)

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 highw

ays.

"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.

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 dev

elopment 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.