DCT Buys Acreage, Plans 133,000 SF

HOUSTON-Further solidifying its footprint in the region, DCT Industrial Trust Inc. has purchased 11 acres in the northwest submarket from a local seller. The Denver-based REIT plans to launch construction in February on DCT Beltway Tanner Business Park, a 133,000-square-foot, rear-load, light industrial facility, with a completion date of Q3 2013.

Beltway Tanner will be located at the intersection of Tanner Road and Beltway 8 and, according to Justin E. Bennett, DCT Industrial’s Houston Regional Vice President, the speculative industrial property offers plenty of visibility along the well-traveled Beltway 8. “What you’re starting to see is users demanding more visibility and more exposure along Beltway 8,” he tells GlobeSt.com. “That’s why the land was so attractive. There are very few pieces that are available for developments of this type; that are industrial in nature, but can accommodate a higher office finish.”