(Orlando, FL – July 31, 2017) Duke Realty, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that it has executed a long-term lease agreement for a 170,428-square-foot, build-to-suit warehouse for PODS Enterprises, LLC (PODS). PODS, a residential and commercial mover and the country’s largest portable storage container provider, will consolidate its operations from two other Orlando-area warehouses and expand by approximately 72,000 square feet. The new warehouse is being built to PODS’ specifications on a 12.48-acre site at 7133 Municipal Drive in Orlando, approximately one mile from I-4.
“PODS has been a valued customer for several years, and we are excited to continue our partnership by delivering a build-to-suit facility for them,” said Ed Mitchell, Senior Vice President of Duke Realty’s Florida Region. “This new facility will be state-of-the-art and incorporate modern features that will help facilitate the storage and distribution of their products.”
“This build-to-suit warehouse will provide the space we need to accommodate our continued growth plus enable us to improve the efficiency of our operations in central Florida,” said Dan Knafo of PODS. “We appreciate Duke Realty working with us to identify and secure a site with superior highway access and to design a building with features that our important to our operations.”
Alex Beacham of Cushman and Wakefield represented PODS in the transaction, while Duke Realty was represented by Tim Perry, Vice President of Leasing.
Parties interested in other leasing and build-to-suit opportunities in Central Florida are invited to contact Tim Perry at 407.241.003.
About Duke Realty
In the Central Florida cities of Orlando and Tampa, Duke Realty owns and operates 3.7 million square of industrial properties. Its Central Florida office is located at 5323 Millenia Lakes Boulevard, Suite 220 in Orlando. The local phone number is 407.241.0000.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 138 million rentable square feet of industrial properties 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 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.