Real estate REIT acquires two fully leased warehouse properties in Northern DuPage County submarket
(Chicago, Ill. – Jan. 9, 2012) Duke Realty Corporation’s (Duke Realty) Chicago office announces that it has acquired two, fully leased industrial buildings in Carol Stream, Ill., totaling 436,222 square feet. The addition of these properties increases Duke Realty’s total industrial portfolio in the Chicago area to more than 9.5 million square feet and more than 108 million square feet nationwide.
“The acquisition of these two industrial properties in the Northern DuPage County submarket is consistent with Duke Realty’s strategy to increase its investment in industrial assets in strong distribution markets,” said Steve Schnur, Senior Vice President, Chicago operations. “These properties increase our holdings in a key Chicago submarket and make an excellent addition to our local portfolio.”
The building located at 720 Center Avenue is a 360,684-square foot building and is 100 percent leased to Peacock Engineering, a food packaging company. The 75,538-square foot building at 189–199 Easy Street is leased by Chicago Title Company, a real estate services provider.
Mike Caprile, Ted Staszak and Stephanie Park with CBRE represented the seller in the transaction.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages, or has under development nearly 13 million square feet of office, industrial and healthcare properties and has strategic land positions 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 owns and operates approximately 141 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. 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 is available at www.dukerealty.com.