DCT Trust Hires Grubb & Ellis to Lease 1M SF

Bill Condon, executive vice president and managing director with Grubb & Ellis in Seattle, calls the assignment "an enormous win" for the company's newly expanded Seattle industrial team. Condon will be joined on the leasing team by senior vice president Matt McGregor and vice president Andrew Hitchcock. Condon notes that the DCT portfolio is the second major industrial leasing assignment for the Seattle office, which was recently selected by AMB Property Corp. to market a four-building, 1.3-million-square-foot class A portfolio located in Kent, Tukwila, South Seattle and Renton.

In addition to the O'Brien Business Park, the DCT Industrial portfolio includes three other properties in Kent: The Van Doren's Landing Shaw Industries building, located at 22408-22620 64th Ave. S, is anchored by Shaw Industries and offers approximately 192,000 square feet of space. The 183,000-square-foot Van Doren's Landing Sea-Pac Building, at 6215-6307 S. 228th St., is fully occupied by multiple tenants, including Sea-Pac Sales Co. and Cronin and Co. Seattle Bike Supply building, at 7620 S. 192nd St., offers 66,500 square feet of space and is fully occupied by Seattle Bike Supply.

The portfolio also includes two assets in Algona, Algona Business Park buildings A and B. Located at 1150 Industry Dr. N, Building A offers nearly 100,000 square feet of space. Building B is at 840 Industry Dr. N and totals nearly 200,000 square feet. The portfolio also includes 800 S.W. 27th St., Renton, a 182,000-square-foot building fully occupied by Trojan Lithograph.