Automotive parts supplier will consolidate operations and expand space in Grand Lakes I
(Dallas, Tex. – Mar. 10, 2011) Duke Realty Corporation (Duke Realty) has leased 168,000 square feet to Keystone Automotive Industries, a supplier of aftermarket, recycled and refurbished automotive parts, in its Grand Lakes I building in Grand Prairie. Keystone Automotive Industries is consolidating and relocating two of its existing Dallas facilities into the building, as well as increasing its leased space.
“We are pleased that our Grand Lakes I building offered a complete solution to Keystone Automotive Industries’ needs, including the space to consolidate their operations under one roof, as well meet their additional square footage requirements,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “The building’s location on I-30 halfway between Dallas and Fort Worth, state-of-the-art features such as 32’ clear height, a 180′ truck court, ample dock and drive-in doors, and its excellent access made Grand Lakes I Keystone Automotive Industries’ first choice.”
Delivered in 2006, Grand Lakes I is a cross-docked, 755,355-square foot building located at 4003 Gifford Street at the southeast corner of I-30 and MacArthur Boulevard in the Grand Lakes development park. With Keystone Automotive Industries’ lease, the building is 72 percent occupied, with 209,000 square feet still available for lease.
Keystone Automotive Industries will move into Grand Lakes I in March 2011.
Mark Becker and Dan Cook of Cushman & Wakefield of Texas, along with Jake Bobek of Cushman & Wakefield Los Angeles represented Keystone Automotive Industries in the transaction. Curt Hefner, Vice President, Leasing, represented Duke Realty.
About Duke Realty Corporation
In the greater Dallas/Fort Worth area, Duke Realty Corporation employs more than 60 associates and owns, manages, or has under development nearly 15 million square feet of office and industrial properties. Duke also controls 200 acres of land for future development in the market.
Duke Realty owns and operates more than 139 million rentable square feet of industrial, office, and medical office space 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.
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Editor’s Note: Please contact Duke Realty’s Communications Department at firstname.lastname@example.org if a photograph of Grand Lakes I is needed.