Lennox Pre-Leases 190,000 Sq Ft at NW Houston Development

HOUSTON - Lennox International (NYSE: LII) will anchor Phase 1 of Denver-based DCT Industrial Trust's (NYSE: DCT) Northwest Crossroads Logistics Center after pre-leasing 190,000 square feet at the northwest Houston development.

Currently under construction, Phase 1 is a 362,000-square-foot, single-story industrial development situated just off Beltway 8 in Houston's Hwy 290/Tomball Pky. Industrial submarket.

Lennox International, a manufacturer of climate control solutions for the heating, air conditioning and refrigeration industries, will take occupancy once construction wraps up in late 2014 or early 2015.

Construction on Phase 2 of DCT's two-building, 682,000-square-foot project is expected to get underway in the second half of 2014.

Income Producing Property

Income producing investment property includes single family, vacation rentals, multi-family, mixed use, office, retail, industrial and land.