DCT Industrial Trust is closing its Denver headquarters just months after Prologis Inc. acquired the logistics real estate company for $8.4 billion in April.
As part of the permanent shutdown, DCT said it notified between 55 to 59 employees that they will lose their jobs beginning July 31. The cuts affect positions at its headquarters, 555 17th St, Suite 3700, and will occur through Oct. 31, according to a Worker Adjustment and Retraining Notification letter filed May 31 with the Colorado Department of Labor and Employment.
Cuts include the CEO, Chief Financial Officer and several vice president and director roles. But in an earlier statement, Prologis said that DCT CEO Philip L. Hawkins will join the Prologis board of directors.
San Francisco-based Prologis, which operates several industrial facilities in Colorado including the home of Amazon’s first fulfillment center in the state, bought DCT’s 71 million square-foot portfolio in an all-stock transaction that included the assumption of debt.
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