(Chicago, Ill. – Feb. 6, 2014) Duke Realty Corporation’s (Duke Realty) Chicago office announced that it signed lease renewals with three of its long-time customers in December 2013. With these lease commitments, which total 382,259 square feet, Duke Realty maintains 98.7 percent occupancy in its industrial portfolio in the Chicago market.
“Renewals by our existing customers are the best indicators of their satisfaction with our properties and our people,” said Steve Schnur, Senior Vice President of Duke Realty’s Midwest region. “We make every effort to ensure complete customer satisfaction and are pleased that these companies have elected to remain Duke Realty tenants.”
The three recent lease renewals include:
• Bon-Ton Distribution, Inc., which provides warehouse and distribution services for its parent company’s retail stores, has renewed its lease of Duke Realty’s 248,720-square foot building at 1935 Jefferson in Naperville. Larry Hanley with Midwest Commercial Real Estate represented Bon-Ton in the transaction, while Susan Bergdoll represented Duke Realty.
• Supply Network, Inc., a company that offers transportation, warehousing and distribution, renewed its 77,070-square foot lease in Carol Stream I located at 640 Center Avenue in Carol Stream. Ryan O’Leary with Duke Realty represented ownership.
• SFS Distribution, Inc., a transportation and warehouse/distribution provider, renewed and extended its 56,469-square foot lease in Carol Stream III located at 370 Kimberly Drive in Carol Stream. Kirk Armour with CBRE represented SFS Distribution and Susan Bergdoll represented Duke Realty.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development approximately 12.3 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, maintains an interest in or has under development approximately 152.6 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. 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.