(Chicago, Ill. – June 27, 2013) The Chicago office of Duke Realty has signed leases totaling 456,719 square feet in two of its industrial properties along the I-55 corridor. APL Logistics, a third-party logistics services provider, signed a new lease for 126,450 square feet in Crossroads 1, while existing tenant Exel, Inc., a supply chain and logistics company, renewed its 241,110-square foot lease and expanded by 89,159 square feet in Park 55 Building 1.
“Both our Crossroads and Park 55 properties are modern, state-of-the-art industrial facilities with features that APL Logistics and Exel need for their operations,” said Steve Schnur, Senior Vice President of Duke Realty’s Chicago operations. “Both buildings’ features help facilitate the storage and handling of products in an efficient and cost-effective manner, while their location offers quick and easy access to and from the highway.”
APL Logistics was represented by Larry Johnson with CBRE in its new lease, while Mark Moran and Steve Connolly with NAI Hiffman and Susan Bergdoll represented Duke Realty. Jeanne Rogers with Arthur J. Rogers & Co. represented Exel, Inc. in its renewal and expansion, while Trevor Ragsdale, Kelly Gray and Michael Connor with Jones Lang LaSalle and Bergdoll represented Duke Realty.
Crossroads 1 is a 289,920-square-foot, bulk distribution facility and one of seven Duke Realty industrial buildings in Crossroads Business Park at I-55 and Route 53 in Bolingbrook. Park 55 Building 1 is a 529,000-square-foot bulk distribution facility located a few miles southwest of Crossroads along I-55. Parties interested in available space in Crossroads or Park 55 Building 1 are invited to contact Susan Bergdoll at email@example.com or 847.232.5400.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development approximately 11.9 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 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.