Duke Realty Leases Butterfield 550 to Follett

 

Educational textbook and services provider will move into 551,200-square foot warehouse/distribution building in November

(Chicago, Ill. – June 3, 2011) Duke Realty Corporation’s (Duke Realty) Chicago office announces that Follett Higher Education Group (Follett), a division of Follett Corporation that operates college bookstores in the United States and Canada, has entered into a long-term lease of Butterfield 550, its 551,200-square foot warehouse/distribution building in Aurora, Ill. The building, which was delivered by Duke Realty in 2008, is located in Butterfield Corporate Park, a masterplanned development located between the Route 59 and Eola Road interchanges on I-88. Follett will relocate its River Grove, Ill. operations to Butterfield 550 in November 2011.

“We are pleased to grow our relationship with Follett and meet their needs both in terms of building size and location,” said Steve Schnur, Senior Vice President of Duke Realty’s Chicago Operations. “We also appreciate their confidence in us to deliver the interior modifications needed for their operations.”

Follett was represented by David Justh and Keith Puritz of CB Richard Ellis (CBRE), while Duke Realty was represented by CBRE’s John Suerth, Traci Buckingham and David Prell.

Interest in Butterfield Corporate Park has increased in recent months with Follett becoming the second major employer that has made a long-term commitment to the development. In 2010, U.S. Foodservice purchased nearly 50 acres of land for the future development of a 600,000-square foot regional distribution center.

Butterfield 550, which has been leased since delivery to a third-party logistics company is a cross-dock, precast concrete building with 30′ clear height, 74 docks, four drive-in doors, and parking for automobiles and trailers. The location of the Butterfield Corporate Park development offers proximity to major interstates, downtown Chicago as well as O’Hare International and Chicago Midway International Airports. The site also offers rail service through Canadian National Railroad providing businesses with another transportation alternative.

 

About Duke Realty

Duke Realty is one of the Chicago area’s largest commercial real estate companies, with more than 11 million square feet of industrial, office and medical office space owned or managed. Duke Realty’s local offices are located at 9377 W. Higgins Road, Suite 200 in Rosemont. For information about Duke Realty’s properties in the Chicago area, please call 847.232.5400 or visit www.dukerealty.com and look for “Spacefinder” on the home page.

On a nationwide basis, 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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