Duke Realty Signs Two Industrial Leases Totaling 163,087 Square Feet

Demandone renews 132,912 SF space in I-88 submarket, while Erasteel signs new 30,175 SF lease in I-55 submarket.

(Chicago, IL ‒ Oct. 10, 2016) The Chicago office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) that specializes in the ownership, management and development of quality industrial facilities, announces that it recently signed leases with a long-term existing tenant and a new customer in two of its Chicago-metro area industrial buildings.

Demandone, Inc., a business consulting and industrial management firm, will remain in its 132,912-square-foot space in Meridian Business 880. The 188,000-square-foot industrial building is located in the I-88 submarket at 880 North Enterprise Street in Aurora, IL.

New tenant Erasteel, a producer of high-speed steels and alloys, will occupy 30,175 square feet in Crossroads 375 located at 375 W. South Frontage Road in Bolingbrook, IL in the I-55 submarket. With this lease, this 187,000-square-foot industrial building is 100 percent occupied.

“We are pleased to welcome Erasteel to their space and to extend our relationship with Demandone,” said Susan Bergdoll, Vice President, Leasing and Development for Duke Realty’s Chicago properties. “Both of these properties provide our tenants with high-quality space and superior highway access.”

Marat Safir with Taurus Modal Group represented Demandone in its lease renewal, while Duke Realty was represented by Ms. Bergdoll. Jason Lev with CBRE represented Erasteel in their transaction, while Duke Realty was represented by listing agent Larry Johnson with CBRE and Ms. Bergdoll.

Parties interested in leasing opportunities with Duke Realty are invited to contact Ms. Bergdoll at 847.232.5420 or Casey Baird at 847.232.5487.

About Duke Realty

In the greater Chicago area, Duke Realty owns, manages or has under development approximately 12.9 million square feet of industrial and healthcare properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 1301 West 22nd Street, Suite 800, Oak Brook, Illinois, 60523. The office phone number is 847.232.5400.

On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 137 million rentable square feet of industrial and medical office assets, in 21 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.