(Raleigh, N.C. ‒ Nov. 1, 2016) The Raleigh/Washington, DC office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, announced that it is building Greenfield North 1001, a new, speculative, 151,624-square-foot bulk warehouse. Located in Garner just south of Raleigh, Greenfield North 1001 will be the sixth industrial building owned and operated by Duke Realty in Greenfield North Business Park. All of Duke Realty’s other buildings in the park are currently 100 percent leased. Construction on Greenfield North 1001 began in October with completion scheduled for May 2017.
“Raleigh remains a strong industrial market for Duke Realty, and Greenfield North Business Park continues to be an attractive destination for businesses looking for high-quality warehouse/distribution space in a central location with superior highway access,” said Battista Orcino, Vice President of Leasing and Development for Duke Realty in Raleigh. “Since all of our Greenfield North properties are fully leased, we elected to start a speculative building so that we can be positioned to respond to clients with immediate space needs.”
Greenfield North Business Park is a master-planned industrial campus located at the interchange of I-40 and U.S. 70 and the proposed extension of I-540. The park, which is the only rail-served industrial park in the Raleigh area, is within minutes of downtown Raleigh, RDU International Airport and the I-440 Beltline. Leading companies in the park include Atlantic Tire Distributors, Crown Equipment Corporation, Mattress Firm, the North Carolina Department of Transportation, Mohawk, Butterball and Golden State Foods.
Located at 1001 North Greenfield Parkway, Greenfield North 1001 will feature 32′ clear height, 50′ x 50′ column spacing, 36 – 9′ x 10′ dock doors, two 12′ x 14′ drive-in doors, an ESFR fire protection system and 1,200-amp electrical service. Outside the building will be a 120′ truck court and parking for 55 automobiles.
Duke Realty still has 29.76 acres available for development in Greenfield North Business Park that will support two buildings totaling approximately 415,000 square feet.
Parties interested in leasing space in Greenfield North 1001 or build-to-suit opportunities on the adjacent land are invited to contact Mr. Orcino at 703.578.7773 or its leasing partner, Jackson Rives with Foundry Commercial.
About Duke Realty
In the Raleigh metro area, Duke Realty owns and manages 2.8 million square feet of industrial properties. Duke Realty operates its Raleigh portfolio out of its office located at 4900 Seminary Road, Suite 900, Alexandria, VA 22311.
On a nationwide basis, Duke Realty Corporation specializes in the ownership, management and development of bulk distribution and medical office real estate. The company owns and operates approximately 138 million rentable square feet in 21 major U.S. metropolitan areas. Duke Realty 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 Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.