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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