DCT Inks 436,000-SF Industrial Lease Renewal

(Save the dates: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24, and RealShare Industrial 2012 comes to The Banker’s Club, Miami, December 5 – 6.)

ONTARIO, CA-DCT Industrial Trust has signed a lease-renewal agreement with the Dial Corp. for 436,945 square feet of industrial distribution space at 3355 East Cedar St. here. Jones Lang LaSalle team members Tim O’Rourke, Bill Honsaker and Mike Fowler represented the Dial Corp. in the transaction, while DCT represented itself. According to O’Rourke, “The Inland Empire industrial market continues to be one of the strongest in the United States with 3.8 million square feet of net absorption this year and 4.4 million square feet currently under construction. The Inland Empire continues to benefit from growth in the E-Commerce sector as well as the food & beverage, third-party logistics and automotive industries.”