(Linden, NJ – Oct. 22, 2014) Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of commercial real estate, particularly bulk industrial facilities, will hold a ribbon-cutting ceremony on Thursday, October 23, 2014, officially opening its new 495,000-square-foot warehouse located at 801 West Linden Avenue in Linden, NJ. Mayor Richard J. Gerbounka will be on hand for the 11:00 a.m. grand opening celebration of the building which is located in Legacy Commerce Center, Duke Realty’s master-planned commercial development off U.S. Route 1, just minutes from the New Jersey Turnpike/I-95 and Ports Newark and Elizabeth.
“We are excited that this new facility is now available to companies looking for well-located, modern warehouse space in this dynamic, populous area of the country,” said Jeff Palmquist, Senior Vice President of Duke Realty’s Northeast Region. “Legacy Commerce Center is ideally suited for warehouse/distribution operations because it is located within a one-day’s drive of one-third of the U.S. population and provides access to multiple transportation options. Plus in designing 801 Linden Avenue, we’ve incorporated specifications that today’s users of industrial space are looking for in terms of clear heights, bay widths, dock doors and car and trailer parking.”
Duke Realty broke ground on 801 West Linden Avenue, a state-of-the-art facility, in early 2014. The interior of the building has 50′ x 50′ column spacing, 36′ ceiling height, high-bay fluorescent lighting, an ESFR sprinkler system, and power to suit. The cross-docked building also includes a TPO mechanically fastened roof; 68 dock doors and four drive-in doors; concrete-paved trailer pads with levelers, seals and bumpers; 300 vehicle parking spaces; and 199 trailer parking spaces.
“As we continue to see growth in the ports submarket of Northern New Jersey, Legacy Commerce Center is well-positioned to accommodate the warehouse and distribution needs of New Jersey’s growth industries such as e-commerce, apparel, food and beverage, and building supplies, as well as a multitude of other users serving the port and extensive northeast consumer market,” said Mindy Lissner, Executive Vice President with CBRE.
In addition to 801 Linden Avenue, Duke Realty has begun development of 301 Pleasant Street, a 144,000-square foot speculative industrial building. The two buildings are Duke Realty’s first developed properties in Legacy Commerce Center, the industrial portion of a 60-acre site on which a General Motors’ assembly plant formerly stood. One other parcel of land for industrial building development remains in Legacy Commerce Center. This block of land can accommodate another 495,000-square-foot building. Adjacent to Legacy Commerce Center and fronting Route 1/9 is a prime parcel of land slated for 450,000 square feet of retail development.
Parties interested in leasing space in 801 West Linden Avenue, build-to-suit industrial development or retail opportunities are invited to contact Duke Realty or its listing agent CBRE.
About Duke Realty
In addition to the nearly 640,000 square feet of industrial space that Duke Realty currently has under development in Legacy Commerce Center, the company owns and manages more than 1.3 million square feet of industrial properties in New Jersey. The company’s New Jersey office is located in Four Tower Bridge, 200 Barr Harbor Drive, Suite 400 in West Conshohocken, PA. The phone number is 610.941.2981.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 156.5 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.