(Indianapolis, Ind. – September 21, 2018) Mayor Joe Hogsett of Indianapolis and other government officials were joined today by executives from Duke Realty Corporation (NYSE: DRE) and PK Partners, LLC to celebrate the start of construction of Duke Realty’s new corporate headquarters in the River North at Keystone mixed-use development just east of the Fashion Mall.
Located at 8711 River Crossing Boulevard, Duke Realty’s new four-story, 78,000-square-foot building will serve as the national commercial real estate company’s operational base, housing its executive management team and more than 200 local associates who support its development, construction, leasing and property management activities in 20 major logistics markets across the United States. Duke Realty, which was founded in Indianapolis in 1972 and today is the largest pure-play, domestic-focused industrial REIT (Real Estate Investment Trust) in the country, will move into its new headquarters in late 2019.
“We are extremely excited that construction of our new headquarters is underway and look forward to all the advantages this facility will bring our associates and our company,” said Jim Connor, Chairman and Chief Executive Officer of Duke Realty. “In addition to enhanced collaboration, connectivity and efficiency, we’ll benefit from working in an easily accessible, modern, single-tenant building that reflects our business and culture and is surrounded by a robust base of amenities.”
“Duke Realty’s decision to locate in River North at Keystone further solidifies it as the place for companies seeking a superior workplace environment in a convenient location, surrounded by hotels, restaurants, residences, shopping and other walkable lifestyle amenities,” said Wes Podell, Senior Vice President, PK Partners. “We are pleased to partner with Duke Realty on their new building and look forward to having them in the neighborhood.”
“Indiana is a great place to do business, and we are extremely pleased that Duke Realty has chosen to keep its base of operations in our state,” said Jim Staton, Vice President of Business Development, Indiana Economic Development Corporation. “We are proud to support the development of this long-standing Hoosier company’s new corporate headquarters and look forward to their ongoing contributions to our economy and our residents.”
“I applaud Duke Realty’s commitment to keeping its headquarters and the associated jobs here in our community,” said Indianapolis Mayor Joe Hogsett. “I think it says a lot about Indianapolis that a company that started business here 46 years ago remains and continues to help our community grow through the development of facilities that attract some of the largest companies in the world and bring thousands of jobs to our city.”
Duke Realty’s new headquarters is being developed through a partnership with PK Partners, an Indianapolis-based real estate development and investment company, on a 2.9 acre-site where a restaurant previously stood. Duke Realty’s offices will occupy 73,000 square feet of space in the building, with the remaining 5,000 square feet of space to be occupied by a yet-to-be-determined restaurant. Duke Realty’s offices will feature outdoor terraces and a patio overlooking a 25-acre scenic lake. A parking garage with both below-grade and street-level spaces also will be part of the building. In keeping with Duke Realty’s ongoing commitment to sustainability, the building will be designed and built to attain LEED® Silver certification for new construction.
About Duke Realty
Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 key U.S. logistics markets, including nearly 19 million square feet in central Indiana. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
About PK Partners
PK Partners is a privately held real estate investment company focused on office, retail and mixed-use properties. Based in Indianapolis, the company is a recognized leader in the development, acquisition and ownership of first class real estate assets. Through its affiliates and strategic partnerships, PK Partners currently owns a portfolio of approximately 1 million square feet in central Indiana, including the River North at Keystone mixed-use development.