Duke Realty Leases 72,500 SF at Laumeier Office Park

(St. Louis, Mo. – Feb. 13, 2013) Duke Realty Corporation’s (Duke Realty) St. Louis office announced today that it has closed two leases totaling 72,503 square feet in its Class A office properties in Laumeier Office Park in the Sunset Hills submarket. The transactions include a 30,927-square-foot expansion by Panera Bread in Laumeier I which brings the 116,277-square-foot building to 100 percent occupancy and a new lease with New Balance Athletic Shoe, Inc. for 41,576 square feet in Laumeier II.

Duke Realty’s Whitaker Varley, Vice President of Leasing in St. Louis, represented ownership in the two transactions.

“We are pleased with the ongoing interest and leasing activity in the Sunset Hills submarket,” said Toby Martin, Senior Vice President of Duke Realty’s St. Louis operations. “The quality of these assets, the park’s accessibility via I-44 and I-270 and Duke Realty’s ability to exceed client expectations has resulted in strong leasing momentum which we anticipate continuing this year.”

Steve Schmid and Rick Dames with Cresa St. Louis represented Panera Bread in their expansion, while Kevin McKeon with NAI Desco represented New Balance Athletic Shoe in their new lease.

Duke Realty owns and manages approximately 290,000 square feet in three Class A office buildings in Laumeier Office Park, which is adjacent to Laumeier Sculpture Park, the Plaza at Sunset Hills, and numerous amenities. Parties interested in leasing opportunities in Laumeier Office Park are invited to contact Whitaker Varley at 314.514.6724.

About Duke Realty

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.