Duke Realty Increases its Chicago Industrial Portfolio by 436,222 Square Feet

Duke Realty Corporation’s (Duke Realty) Chicago office announces that it has acquired two, fully leased industrial buildings in Carol Stream, Ill., totaling 436,222 square feet. The addition of these properties increases Duke Realty’s total industrial portfolio in the Chicago area to more than 9.5 million square feet and more than 108 million square feet nationwide.

Chicago Team Scored Multiple Awards

National Association of Industrial and Office Properties (NAIOP) conferred three Awards of Excellence on our Chicago team in 2011. The Duke Realty projects and their respective honors are: Butterfield 550—Industrial Speculative Development of the Year Navistar—Redevelopment of the Year Follett Corporation—Broker Transaction of the Year

Duke Realty Reports Chicago Industrial Portfolio Activity

Duke Realty Corporation’s (Duke Realty) Chicago office announces that it closed several transactions involving its industrial properties in May and June. During the two months, more than 1.4 million square feet in leases were signed in five buildings and another building was sold.

Prudent Tenants Dig into Backgrounds and Capital Positions of Landlords

If leasing due diligence is like passing through airport security, one could say that tenants usually endure the equivalent of full-body scans and pat-downs while landlords sail through the “fast lane.” Historically, prospective office and industrial tenants have undergone close scrutiny from developers and landlords to assess their creditworthiness.

Duke Realty Leases Butterfield 550 to Follett

Duke Realty Corporation’s (Duke Realty) Chicago office announces that Follett Higher Education Group (Follett), a division of Follett Corporation that operates college bookstores in the United States and Canada, has entered into a long-term lease of Butterfield 550, its 551,200-square foot warehouse/distribution building in Aurora, Ill.