100 Percent: Duke Realty’s Chicago Industrial Portfolio Is Fully Leased

A pair of recent lease deals has brought Duke Realty’s 10.9 million-square-foot Chicago industrial portfolio up to 100 percent occupancy.

As reported in REjournals.com, the company’s growth will continue in the area, with a planned expansion that will accommodate a current tenant and add 177,720 square feet to the portfolio. Additionally, Duke Realty does have land available for development.

Quoted in the article, Senior Vice President of Chicago Operations Steve Schnur chalks up the success to the company having built Class A facilities in sought-after locations and to an active economy: “Our pipeline for prospects is as good as it’s been in a number of years,” Schnur said. “The overall economy has been on the mend for quite some time.”

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