DCT Industrial acquires 11 acre land parcel in Houston DCT Industrial Trust announced significant expansion and progress in the Houston market. The Company purchased an 11 acre land parcel in the Northwest submarket of Houston. Located along the Sam Houston Parkway, the site has prime Beltway 8 frontage and is well-suited to attract customers requiring high visibility from the highway. The Company plans to commence construction in the first quarter of 2013 on DCT Beltway Tanner Business Park, a 133,000 square foot, rear-load, light-industrial facility. The project is scheduled for completion in the Q3.
News For DCT From The Last 14 Days
Check below for free stories on DCT the last two weeks.
DCT Industrial downgraded at BMO Capital As noted earlier, BMO Capital downgraded DCT to Market Perform from Outperform. The firm thinks that industrial operating fundamentals are likely at peak levels, while the downside risk of increased supply continues to grow and other property types are more attractive.