Duke Realty Signs Three Leases at Greenfield North in Third Quarter

Two businesses ink new leases and existing tenant renews and expands in distribution park at I-40 and Highway 70 in Garner, NC.

(Raleigh, NC – September 24, 2019) Duke Realty Corporation (NYSE: DRE), the nation’s largest, domestic-only, pure-play logistics real estate company, announces that it signed three leases during the third quarter in Greenfield North, its six-building industrial park at I-40 and Highway 70 in Garner, NC, just south of Raleigh. The recent transactions include new leases in Greenfield North 800 and Greenfield North 900 and a renewal and expansion in Greenfield North 900.

“Greenfield North continues to be attractive to businesses looking for convenient access to I-40, U.S. 70, the I-440 Beltline, downtown Raleigh, RDU Airport and the proposed extension of the Outer Loop (I-540),” said Battista Orcino, Vice President of Leasing and Development for Duke Realty in Raleigh, Baltimore and Washington, DC. “We are pleased that we were able to provide all three of these valued tenants with high-quality, functional space in an exceptional location.”

Lanter Delivery Systems, a logistics services company, signed a 61,117-square-foot lease in Duke Realty’s 122,006-square-foot building at 800 Greenfield North Parkway. Justin Smith with Colliers represented Lanter Delivery in the transaction.

Leases signed at Duke Realty’s 128,535-square-foot building at 900 Greenfield North Parkway include a new 17,000-square-foot lease with Telerent Leasing Corporation, an audiovisual, interactive and network systems provider, and a renewal and expansion totaling 42,635 square feet with Colony Tire Corporation, a tire and auto services company. Telerent was represented by Bryan Everett with CBRE in its lease. Duke Realty was represented by listing broker Jackson Rives with Foundry Commercial and Mr. Orcino in these transactions.

Greenfield North Business Park is a master-planned industrial campus located at the interchange of I-40 and U.S. 70 and the proposed extension of I-540. The park, which is the only rail-served industrial park in the Raleigh area, is within minutes of downtown Raleigh, RDU International Airport and the I-440 Beltline. Leading companies in the park include Atlantic Tire Distributors, Crown Equipment Corporation, Mattress Firm, the North Carolina Department of Transportation, Mohawk, Butterball and Golden State Foods. Two sites in the park remain available for development. Infrastructure is already in place, and one of the sites is pad-ready.

Parties interested in leasing or development opportunities in Greenfield North or any of Duke Realty’s other Raleigh-area properties are invited to call Mr. Orcino at 703.578.7773.

About Duke Realty
In the Raleigh metro area, Duke Realty owns and manages nearly 3.0 million square feet of industrial properties. Duke Realty operates its Raleigh portfolio out of its office located at 2900 S. Quincy Street, Suite 310, Arlington, VA 22206.

On a nationwide basis, Duke Realty Corporation owns and operates approximately 158 million rentable square feet of industrial assets in 20 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.