(Chicago, Ill. – April 29, 2015) The Chicago 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, is developing a 242,372-square-foot, build-to-suit corporate headquarters and warehouse for Shorr Packaging Corp, a distributor of packaging products, equipment and services. Shorr Packaging’s new facility is being constructed on 13 acres in Butterfield Corporate Park, Duke Realty’s multi-building industrial campus off I-88 in Aurora, Ill. Shorr Packaging will consolidate operations from a 120,000-square-foot building it owns in Meridian Business Park, a 34,000-square-foot space in Meridian Business Park it leases from Duke Realty and 36,127 square feet it leases in another building in Aurora.
“We are pleased to be selected by Shorr Packaging as the developer of its new corporate headquarters and warehouse,” said Ryan O’Leary, Senior Vice President of Duke Realty’s Chicago Operations. “Our experience in constructing modern warehouses will serve us well as we deliver a state-of-the-art building designed specifically for Shorr Packaging’s inventory and shipping operations.”
Shorr Packaging’s build-to-suit warehouse will include 32′ clear heights, 53′ x 52′ column spacing and office space on the first and second floors. Two drive-in doors and 20, 9′ x 10′ dock doors will be incorporated into the structural precast panel building. The site also will include 156 automobile parking spaces and a 185′ deep truck court.
“Shorr Packaging’s corporate headquarters and warehouse will enable them to consolidate operations from three different buildings and give them the flexibility to grow their operations in the future,” added O’Leary. “It has been a pleasure to partner with Shorr Packaging on its custom facility.”
Trevor Ragsdale with JLL represented Shorr Packaging in the transaction, while Duke Realty was represented by listing agents Traci Payette, David Prell and John Suerth with CBRE and Susan Bergdoll with Duke Realty.
Construction on Shorr Packaging’s new facility in Butterfield Corporate Park is slated to begin this summer with delivery in spring 2016.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development more than 12.5 million square feet of industrial and healthcare properties and has strategic land positions in Butterfield Business Park and in other locations available for future development. Duke Realty’s local offices are located at 9377 West Higgins Road, Suite 600 in Rosemont.
On a nationwide basis, Duke Realty Corporation owns, maintains an interest in or has under development approximately 153.2 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 Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.