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Deer Park no vacancy at DCT's 200,000-SF industrial buildingDeer Park no vacancy at DCT's 200,000-SF industrial buildinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=6572015-06-22T00:24:00Z2015-06-22T06:10:00Z

DEER PARK - After closing on the purchase of a vacant 200,000-sf industrial building near the Port of Houston, Denver-based DCT Industrial Trust Inc. secured two leases for the entirety of the space at 2902 E. 13th St.

St. Louis-based Slay Industries took 100,000 sf of the building and GLT Fabricators Inc. took the other half.

Big-time expansions in the petrochemical industry have led to an increased demand for space in the southeast submarket, said Justin Bennett, senior vice president at DCT Industrial Trust Inc.

Big-time expansions in the petrochemical industry have led to an increased demand for space in the southeast submarket, said Justin Bennett, senior vice president at DCT.

And the oversupply that had kept rent rates low is getting absorbed faster than new space is being delivered, Bennett said.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Industrial
http://www.bizjournals.com/houston/morning_call/2015/06/exclusivevacant-industrial-building-in-the-port.htmlRead more at {Source}

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