(Weston, FL – May 1, 2017) In South Florida, Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that the company has acquired three, newly constructed industrial buildings totaling 676,835 square feet in the Hialeah Gardens submarket of Miami, raising its portfolio in the market to 5.9 million square feet. The three buildings, which are located on the east side of Florida’s Turnpike at U.S. 27, collectively will be named Miami Industrial Logistics Center.
The purchased properties include:
Miami Industrial Logistics Center 10701 10701 NW 140th Street 255,846 SF
Miami Industrial Logistics Center 14802 14802 NW 107th Avenue 209,232 SF
Miami Industrial Logistics Center 15002 15002 NW 107th Avenue 211,757 SF
All three buildings are modern, state-of-the-art facilities with 32′ clear heights, 60′ speed bays, large truck courts and ample automobile parking. All are shell complete and available for lease.
“This acquisition is another step in Duke Realty’s ongoing strategy to increase its investment in industrial assets in key distribution markets,” said Ed Mitchell, Senior Vice President of Duke Realty’s Florida operations. “South Florida continues to be a strong industrial market because of the burgeoning population in this part of the country and the influx of goods coming into and out of the ports. These properties are first-class, brand new buildings with excellent access to the Turnpike and I-75, making them excellent additions to our local portfolio.”
Parties interested in leasing space in any of the Miami Industrial Logistics Center buildings are invited to contact Stephanie Rodriguez, Vice President of Leasing for Duke Realty, at 954.453.5671.
About Duke Realty
The South Florida office of Duke Realty owns and operates 5.9 million square feet of industrial properties. Duke Realty’s South Florida office is located at 2400 North Commerce Parkway, Suite 405, Weston, FL 33326. The office phone number is 954.453.5660.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 142 million rentable square feet of bulk distribution and medical office real estate 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. 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.