(Houston, TX – April 26, 2019) The Houston office of Duke Realty (NYSE: DRE), the leading domestic-focused industrial property REIT (Real Estate Investment Trust) in the country, announces that it is constructing a 433,200-square-foot logistics facility just off Clay Road at Texas 99/Grand Parkway north of I-10 and northwest of downtown Houston. The building, which will be known as Clay 99 Building 5, is being developed on a speculative basis and available for lease. Delivery is slated for February 2020.
“The Northwest submarket is the largest industrial submarket in Houston, and the Katy area which includes the western stretch of Texas 99 where our new building is being constructed is one of the fastest growing,” said David Hudson, Vice President of Leasing and Development for Duke Realty in Houston. “With Clay 99 Building 5, Duke Realty will be well positioned to meet the needs of users looking for modern space with convenient highway access. From here, companies will be able to quickly access I-10, Texas 290 and other major highways and quickly be on their way to customers in the Houston metro area, as well as throughout the southern United States.”
Clay 99 Building 5 is being built on a 23.7-acre tract of land off Texas State Highway 99/Grand Parkway at the intersection of Clay and Peek Roads. The 433,200-square-foot building will feature 36′ clear height, 56′ x 60′ interior and loading bays, 100 – 9′ x 10′ dock doors, four drive-in doors and other logistics-enhancing features. Outside the building will be a 190′ truck court on both sides, 100 trailer spaces and 347 automobile parking spaces.
Parties interested in preleasing Duke Realty’s Clay 99 Building 5 or in other leasing or BTS opportunities with Duke Realty in Houston are invited to contact Mr. Hudson at 713.353.3220.
About Duke Realty
Duke Realty currently owns or has under development 7.0 million square feet of industrial properties in Houston. Its local office is located at One Riverway, Suite 1350 in Houston. The office phone number is 713.353.3200.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 153 million rentable square feet of industrial assets in 20 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.