The industrial real estate market has the wind at its back due to improving economic conditions and pent-up demand. Several key indicators are trending in the right direction. As demand drivers return, industrial REITs’ overall performance is expected to improve in 2012, marking a stark contrast from 2011. Many industrial REITs are newly recapitalized, after… Continue Reading
Duke Realty Corporation’s (Duke Realty) Chicago office announces that it has completed Navistar Inc.’s new corporate headquarters campus in Lisle, Ill., a project which involved the rehabilitation of 1.2 million square feet of space in interconnected buildings, new construction totaling 27,000 square feet, and overall improvements to the 87-acre site.
Duke Realty Corporation (Duke Realty) added to its Chicago and nationwide industrial portfolio with the acquisition of an 827,258-square foot industrial building in Naperville that is completely occupied by Crate and Barrel, one of the largest retail home furnishing companies in the United States, under a long-term lease.
A rehabilitation project pulled in an award for the Chicago team. Navistar’s new headquarters in Lisle earned the Construction Industry Service Corporation (CISCO) 2011 Project of the Year in the Rehabilitation Project category. Duke Realty oversaw upgrades to a 1.2 million-square-foot facility with nine interconnected buildings on 87 acres. The project included a new 8,000-square-foot… Continue Reading
Duke Realty Corporation’s (Duke Realty) Chicago office announces that it has renewed leases with two longtime customers in Meridian Business Campus in Aurora, Ill. SMC Corporation, a tenant since 2002, will remain in its 22,000-square foot space at 858 Meridian Lakes Parkway, a 46,050-square foot building it shares with UPS.
Duke Realty, a leading owner, manager and developer of healthcare properties in the United States has added to its suburban Chicago medical office portfolio with the acquisition of Burr Ridge Medical Center.
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.
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 Corporation’s (Duke Realty) Chicago office announces that the company has acquired a nine-building industrial portfolio totaling 1,787,746 square feet, with 84 percent or 1,498,449 square feet in eight buildings in Chicago-area submarkets.
Philips Electronics, a diversified health and well-being company, and a leader in healthcare, lifestyle and lighting, has signed a long-term lease renewal for 73,753 square feet in Duke Realty’s O’Hare International Center I, where it has been a tenant since 1987.