In September 2012, DCT purchased a four-asset portfolio totaling 563,000 square feet. The Class-A, state-of-the-art industrial air freight buildings are 99.6% occupied. Three facilities are in the Los Angeles International Airport submarket and one is in the Chicago O’Hare International Airport submarket. Both submarkets are high-volume distribution locations known for their low vacancy rates.
These modern, irreplaceable assets reinforce DCT’s focus on expanding its presence in key markets that offer convenient access to major transportation arteries, proximity to densely populated areas and high-quality design standards. The acquisition also furthers DCT’s long-term goal of expanding in coastal, high-barrier locations. These acquisitions bring DCT’s total consolidated operating portfolio to 4.7 million square feet in Southern California (99.7% occupied) and 4.7 million square feet in Chicago (99.7% occupied).