(Chicago, IL – August 14, 2017) The Chicago office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial buildings, announces that it signed two new leases and one renewal for space in three buildings in its 14 million-square-foot Chicago metro area industrial portfolio.
New leases include a 126,450-square-foot lease with Unipart Logistics, an independent logistics company, in Crossroads 2, a 289,920-square-foot building located at 2 Gateway Court in Bolingbrook, and an 110,960-square-foot lease with Grunt Style, an e-commerce provider of patriotic apparel, in Carol Stream 640, an 188,030-square-foot building at 640 Center Avenue in Carol Stream. Champion Transportation Services, a full-service logistics provider, renewed its lease of 200 Champion Way in Northlake, 238,064-square-foot warehouse. With these leases, all three buildings are 100 percent occupied.
“We are pleased that we were able to backfill vacated space in two of our buildings and retain a long-term tenant in another property,” said Susan Bergdoll, Vice President of Leasing and Development for Duke Realty’s Chicago office. “Our ability to attract and retain tenants in these properties is indicative of their location and quality, two characteristics that are extremely important to today’s warehouse users.”
Jason West with Cushman & Wakefield represented Unipart Logistics in its lease, while listing broker Stephen Connolly and Mark Moran with NAI Hiffman represented Duke Realty. Brian Kling and Reed Adler with Colliers International represented Grunt Style and Duke Realty in their transaction. Champion Transportation was represented by Harley Korman with Korman/Lederer & Associates in its renewal.
Parties interested in leasing, preleasing or build-to-suit opportunities with Duke Realty are invited to contact Ms. Bergdoll at 847.232.5420.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development nearly 14 million square feet of industrial properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 1301 W. 22nd Street, Suite 800, Oak Brook, IL 60523.
On a nationwide basis, Duke Realty owns and operates approximately 138 million rentable square feet of industrial assets in 21 key U.S. logistics markets. 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.