(Raleigh, NC – December 21, 2020) The Raleigh/Washington, DC office of Duke Realty Corporation (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has signed a lease renewal with MiD, Inc. at 2800 Perimeter Park in Morrisville, North Carolina. The facility was previously occupied by a national grocery chain and required intensive negotiations to meet tight occupancy timelines for the new tenant. MiD, Inc. provides installation services of major appliances for new construction and multi-family developments from Raleigh to the Carolina coast.
“Duke Realty is a leader in modern industrial and logistics properties, but most importantly we work closely with our clients to build trusted, lasting relationships,” said Battista Orcino, vice president of leasing and development for Duke Realty in Raleigh. “By working closely with our previous tenant and the new tenant, we were able to negotiate favorable early lease termination terms and early access to the facility to perform site improvements. By working together, our new tenant was able to start receiving inventory immediately upon occupancy — ensuring the company didn’t miss a beat in meeting their customers’ needs.”
Duke Realty owns and manages 3.1 million square feet of industrial properties in the Raleigh metro area. Perimeter Park is a three-million-square foot, master-planned office and industrial development with more than 700,000 square feet of future space planned. Located off I-40 and I-540 and just three minutes from Raleigh-Durham International Airport, Perimeter Park is centrally located between Raleigh, Durham and Chapel Hill.
Sam DiFranco, broker at Trinity Partners, represented MiD, Inc. and Larry Lakins with Cushman & Wakefield in Raleigh served as the listing broker representing Duke Realty.
About Duke Realty
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.