Duke Realty Signs Lease for 207,518 SF in Park 840 West 14840

Transaction with Optoro, Inc. brings logistics building to 100% occupancy.

(Nashville, TN – Aug. 6, 2020) The Nashville 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 with Optoro, Inc. in Park 840 West 14840. The returns technology company now occupies 207,518 square feet in the 653,460-square-foot logistics building which is located just off I-840 at Highway 109 in Lebanon. This location is being used as Optoro’s flagship returns processing and research and development facility for their returns management software solutions. With this lease, Park 840 West 14840 is 100 percent occupied.

“We are very pleased to welcome Optoro, Inc. to Park 840 West 14840, one of the best located industrial properties in the Nashville metro area,” said Jeff Palmquist, Vice President of Leasing and Development for Duke Realty in Nashville. “With their lease, we were able to immediately backfill a recently available space and bring the building back to full occupancy.”

Park 840 West 14840 is a modern, Class A facility located east of downtown Nashville and within minutes of I-40, I-24 and I-65, making distribution throughout the southern United States and the rest of the country efficient and convenient. The building features 32’ clear height, as well as a generous amount of dock and drive-in doors and plentiful trailer and automobile parking.

Bo Fulk with JLL represented Optoro, Inc. in its lease. Lonnie Russell with Cushman & Wakefield served as the listing agent for the property.

Parties interested in leasing opportunities in the Nashville area are invited to contact Mr. Palmquist or Mr. Russell at 615.301.2913 or lonnie.russell@cushwake.com.

Duke Realty
In the Nashville metro area, Duke Realty owns and manages 3.6 million square feet of industrial properties. Duke Realty’s Nashville office is located at 5000 Meridian Blvd., Suite 500, Franklin, TN 37067. The office phone number is 615.884.2300.

On a nationwide basis, Duke Realty Corporation owns and operates approximately 156 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is a member of 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.