Frank Petkunas Joins DCT Industrial Trust(R) as Regional Vice President, Northeast Region
DCT Industrial Trust(R) (NYSE:DCT) , a leading industrial real estate company, today announced that Frank Petkunas has joined the Company as Regional Vice President, Northeast Region. In his role, Frank will be responsible for overseeing all real estate operating and capital deployment activities in the New Jersey and Pennsylvania markets, where DCT Industrial owns 24 buildings totaling over 4.2 million square feet with an additional 426,000 square feet in development.
Frank joins DCT Industrial with nearly 25 years of real estate experience, including most recently as Senior Vice President, Regional Officer with a leading real estate developer and operator. Frank’s tenure in real estate has included various roles in development, acquisitions, asset management and finance. During his career, Frank has sponsored approximately $1 billion in acquisition and development transactions.
“We are pleased to welcome Frank to the DCT team. He is a proven leader in the industry with a successful track record of sourcing opportunities and creating long-term value,” said Mike Ruen, Managing Director, East Region, DCT Industrial. “We are fortunate to have Frank join us and he will be a great addition to the Company.”
About DCT Industrial Trust(R)
DCT Industrial is a leading industrial real estate company specializing in the acquisition, development, leasing and management of bulk distribution and light industrial properties in high-volume distribution markets in the U.S. As of September 30, 2014, the Company owned interests in approximately 74.3 million square feet of properties leased to approximately 900 customers. DCT maintains a Baa2 rating from Moody’s Investors Service and a BBB- from Standard & Poor’s Rating Services. Additional information is available at www.dctindustrial.com.
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