(Dallas, Tex. – July 30, 2013) The Dallas office of Duke Realty Corporation (Duke Realty) has signed a new lease totaling 209,070 square feet in its Grand Lakes I building with APL Logistics Warehouse Management, a global third-party logistics services provider. Grand Lakes I is located at 4003 Gifford Street in Grand Prairie.
“We are pleased to welcome APL Logistics to our Grand Lakes I building,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “The building’s direct access to I-30, close proximity to I-35, SH 360 and Loop 12 gives APL superior highway access for its product distribution needs. APL is a top-notch 3rd party logistics provider, and we are proud to be able to meet their needs in the Dallas/Fort Worth market.”
APL Logistics’ lease takes a portion of the 587,355 square feet of space that is immediately available at Grand Lakes I. With respect to the remaining space in the building, Randy Wood, Vice President, Leasing for Duke Realty, said, “Not only was this 209,070-square-foot lease a great fit for APL, but it also effectively “squared up” the remaining 378,285 square feet of vacant space in the building. Since we have the ability to expand the building by an additional 282,507 square feet, Grand Lakes I can offer a prospective user 660,792 square feet of state-or-the-art, cross-docked, bulk warehouse space with great visibility and access to I-30.”
Nathan Lawrence with CBRE represented APL Logistics in the transaction, while Randy Wood, Vice President, Leasing, represented Duke Realty.
Grand Lakes I is a 755,355-square-foot, state-of-the-art, Class “A” bulk warehouse building featuring 32′ clear height, 50′ x 50′ column spacing, 60′ staging area, 180’ truck courts and outside trailer storage. Parties interested in available space in Grand Lakes I are invited to contact Randy Wood at email@example.com or 972.361.6739.
About Duke Realty
In the Dallas-Fort Worth area, Duke Realty owns, manages, or has under development more than 16 million square feet of industrial, suburban office and healthcare properties and has strategic land positions available for future development.
Duke Realty’s local offices are located at 14241 N. Dallas Parkway, Suite 1000.
On a nationwide basis, Duke Realty owns and operates approximately 143 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.