(Minneapolis, Minn. – April 29, 2013) Duke Realty Corporation’s (Duke Realty) Minneapolis office announced today that it has leased 132,000 square feet in Cornerstone Business Center, to Citrus Systems Inc., a privately owned, Minnesota-based manufacturer of packaged fruit juices and beverages.
Citrus Systems, which was founded in 1985 and markets its products under the Citrus Sun brand, will expand its operations by 50,000 square feet and relocate from its current facility later this year. Duke Realty’s in-house construction team will serve as general contractor for the build out of Citrus Systems’ new space, which will include extensive and heavily engineered modifications for new equipment and innovations in juice manufacturing. With this lease, Cornerstone Business Centers, a 222,194-square-foot, Duke Realty-owned and managed industrial building is 100 percent occupied.
“As demand for our Citrus Sun products continues to grow, we want to ensure that we have the ongoing capacity and capabilities to deliver high-quality juice products to our customers,” said Tom Boehland, founder and president of Citrus Systems. “This new facility gives us the opportunity to design from scratch a state-of-the-art manufacturing facility that will enable us to deliver the highest quality product in an extremely efficient manner.”
“Duke Realty is pleased to be able to provide Citrus Systems with a facility that meets their space needs and to work closely with them on the design and build out of their space,” said Pat Mascia, Senior Vice President of Duke Realty’s Minneapolis operations. “We are committed to delivering attractive, functional space that will serve Citrus Systems’ needs for the long term.”
Citrus Systems will occupy the south building of Duke Realty’s Cornerstone Business Center, located at 401 Eleventh Avenue South in Hopkins, this fall. The facility features 24′ clear height, 13 dock-high doors, two drive-in doors and 41′ x 40′ column spacing in 120,600 square feet of warehouse space, and includes 11,700 square feet of office space.
Tom Bennett and Jack Tornquist with CBRE represented Citrus Systems in their lease. Duke Realty was represented by Scott Moe, its Vice President of Leasing, along with listing agents Brad Bohlman and Paul Bickford with Colliers.
About Duke Realty
In the greater Twin Cities area, Duke Realty owns and/or manages more than 4.6 million square feet of office, industrial and retail properties. Its office is located at 1600 Utica Avenue South, Suite 250, Minneapolis, MN 55416.
On a nationwide basis, Duke Realty owns and operates more than 145 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty 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.