59 Jobs Lost As Denver Industrial Landlord DCT Shuts Down

DENVER, CO – After being acquired by a competitor, Denver industrial landlord DCT Industrial Trust, Inc. announced they would be closing their Denver headquarters and laying off between 55-59 employees.

Positions from CEO to receptionist are being eliminated, according to a Worker Adjustment and Retraining Notification (WARN) notice filed with the Colorado Department of Labor and Employment by John Spiegleman, executive VP and corporate counsel.

"Bumping rights will not be available and there is no union representing any of the affected employees," Spiegleman said. The company's headquarters is located at 555 17th Street, Suite 3700 in Denver.

The company manages and leases properties used for industrial logistics.

In April, DCT was acquired by competitor Prologis, Inc. in a $8.4 million stock swap that included a transfer of DCT's debt to the new company.

The company had just purchased two Denver properties, a 146,000 sq. ft. trucking facility at 10000 E. 45th Avenue in November, and a 44,000 sq. ft. building at 17801 East 40th Ave. in April, shortly before the merger announcement.

DCT Spokeswoman Melissa Sachs confirmed that the closing of the Denver headquarters was tied to the acquisition by Prologis.

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