Business News
DCT Industrial Trust Expands Capital Deployment Team
2008-08-07 07:30:00
DCT Industrial Trust Expands Capital Deployment Team
Appoints Senior Vice President in Northeast Region and Development Project
Manager
DENVER, Colo., Aug. 7 /EMWNews/ -- DCT Industrial Trust
Inc. (NYSE: DCT), a leading industrial real estate investment trust, today
announced two appointments within its Capital Deployment team.
Thomas Tucci has been appointed Senior Vice President and will be
responsible for all development and investment activity in the Northeast
region and is based in New Jersey.
Mr. Tucci has more than 30 years of industrial real estate experience
in the Northeast. Most recently, he served as Senior Managing Director for
the New York Tri-State Industrial Group at CB Richard Ellis (CBRE) where he
oversaw leasing and sales brokerage services to tenants and owners. Prior
to joining CBRE, Mr. Tucci spent more than 25 years in real estate
development and also served as a Mayor and Councilman in the borough of
Moonachie, N.J.
"Tom's extensive knowledge of the Northeast market, his development
experience, and his breadth of relationships make him an ideal complement
to our investment team," said Jim Cochran, President and Chief Investment
Officer of DCT Industrial. "His expertise will enable DCT to expand our
presence efficiently in some of our most dynamic markets, including New
Jersey, Central Pennsylvania and the Washington D.C./Baltimore corridor."
Mark Erler has also joined the team as Vice President, Development
Project Manager based in Atlanta, Georgia. He will be responsible for
managing all development projects in the United States.
Mr. Erler brings more than 10 years of commercial real estate
development experience. Prior to joining DCT Industrial, he served as
Development Manager for Panattoni Development Company where he managed the
development and marketing of industrial and office properties, acquired and
repositioned industrial and office assets, and marketed industrial land for
development.
"The addition of Mark enhances DCT's development capabilities," said
Mike Ruen, Managing Director of Development for DCT Industrial. "We will
continue to develop through joint ventures as well as independently, and
the expansion of our team allows us to operate more effectively."
About DCT Industrial Trust
DCT Industrial Trust is a leading industrial real estate company that
owns, operates and develops high-quality bulk distribution and light
industrial properties in high-volume distribution markets in the U.S. and
Mexico. As of June 30, 2008, the Company owned, managed or had under
development 75.7 million square feet of assets leased to approximately 850
customers, including 16.9 million square feet managed on behalf of three
institutional joint venture partners. Additional information is available
at http://www.dctindustrial.com.
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