(Fort Lauderdale, Fla. – August 26, 2011) Duke Realty Corporation (NYSE: DRE), one of the nation’s largest owners and operators of office, industrial and medical office space, announced today that its South Florida office has signed three industrial leases in West Palm Beach and Pompano Beach totaling 140,485 square feet.
Classic Panache, Inc., an award-winning event supply rental company, signed a 30,679-square-foot lease at Park of Commerce I in West Palm Beach, bringing the total occupancy of the Class A distribution building to 100 percent.
FBA Holdings, Inc., a division of Sears and a major home appliance distributor, renewed its 66,713-square-foot lease at Atlantic Business Center I in Pompano Beach.
Also signing in Atlantic Business Center in the 4A building is Hurok Marble for a total of 43,093 square feet. Hurok Marble relocated from a Duke Realty facility in Pompano Beach and has nearly doubled in size. Overall, the Atlantic Business Center park is now 89 percent leased.
“These important leases reflect growth throughout South Florida’s industrial sector,” said Ed Mitchell, Senior Vice President of Duke Realty, South Florida. “Duke Realty has a competitive edge in the marketplace, and its facilities offer unique services and qualities well suited to meet the needs of a diversified group of businesses.”
Located in West Palm Beach just off the Turnpike at 45th Street, Duke Realty Park of Commerce offers quick and easy access to the state expressway as well as I-95. Adding to its multitude of conveniences, the park is six miles from West Palm Beach International Airport.
Atlantic Business Center is a premium warehouse/distribution space in the West Pompano submarket and one of the area’s largest industrial developments. Comprised of 1.3 million square feet in 13 buildings, each with skylights for ample natural lighting, Atlantic Business Center is conveniently located near I-95, Florida’s Turnpike and the Fort Lauderdale Executive Airport.
About Duke Realty
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.