CONSHOHOCKEN, Penn. – March 23, 2021 – The Pennsylvania 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 it has secured a long-term lease renewal and expansion with Green Chef. Acquired by HelloFresh in 2018, Green Chef is the first-ever USDA-certified organic meal kit company powering the pursuit of eating well. The warehouse at 1130 Commerce Boulevard in the Philadelphia submarket of Logan Township features 170,160 square feet of space and convenient access to major thoroughfares enabling Green Chef to serve new and existing customers in the Northeast.
“At Duke Realty, our clients are looking for conveniently located, modern industrial warehouse and distribution facilities that can accommodate company growth,” said Scott Henderson, vice president of leasing and development for Duke Realty in Pennsylvania. “Our facility, 1130 Commerce Boulevard, provides Green Chef with a state-of-the-art, strategically-located facility where the company could expand its distribution network helping them better serve its customers.”
Duke Realty’s facility at 1130 Commerce Boulevard is a 386,026-square-foot cross dock distribution center. Green Chef’s menus cater to a range of dietary preferences, including vegan, keto, vegetarian, omnivore and more. The company will use the facility to warehouse, prepare and distribute its meal kits. With Green Chef’s long-term lease agreement for 170,160 square feet of space, the facility is fully leased.
“The ever-expanding e-commerce industry continues to positively impact logistics real estate as companies grow their distribution networks,” said Art Makris, senior vice president of Duke Realty’s Northeast region. “At Duke Realty, we work with our e-commerce tenants that are experiencing growth to maintain our relationships and find the opportunities to help them increase their space within our best-in-class portfolio.”
Green Chef was represented by Dennis Someck and Justin Myers with Lee & Associates. Duke Realty was represented by Scott Henderson.
Duke Realty’s Pennsylvania portfolio totals more than 5.6 million square feet across nine properties and remains 100 percent occupied.
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 component 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.