(Raleigh, NC ‒ March 4, 2019) Duke Realty (NYSE: DRE), the leading domestic-focused logistics property REIT (Real Estate Investment Trust) in the country, announces that it has a signed two new leases in its Greenfield North 1001 building located at 1001 North Greenfield Parkway in Garner, NC. Partwerx Automotive, an aftermarket auto body parts provider, leased 29,949 square feet, while a carpet distributor leased 30,478 square feet in the 151,624-square-foot building. Following these transactions, 30,468 square feet of space remains available for lease in the building.
“We are pleased to welcome our new tenants to Greenfield North 1001 and all the benefits associated with this well-located property,” said Battista Orcino, Vice President of Leasing and Development for Duke Realty in Raleigh. “This building, as well as our other Greenfield North properties, provide exceptional transportation options, including 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).”
Greenfield North 1001 is one of six industrial buildings owned and operated by Duke Realty in Greenfield North Business Park. The building features 32′ clear height, 50′ x 50′ column spacing, 36 – 9′ x 10′ dock doors, two 12′ x 14′ drive-in doors, an ESFR fire protection system and 1,200-amp electrical service. Outside the building is a 120′ truck court and parking for 55 automobiles. In addition to the 30,468 square feet available for lease in Greenfield North 1001, Duke Realty has 29.76 acres available for development in the park that will support two buildings totaling approximately 415,000 square feet.
Justin Booth and Tom Tropeano with Avison Young represented Partwerx Automotive in its lease, while Ashley Lewis and Torey Piccini with JLL represented the other lessee. Duke Realty was represented by its listing brokers Larry Lakins and Hunter Willard with Cushman & Wakefield and Mr. Orcino in both transactions.
Parties interested in leasing space in Greenfield North 1001 or build-to-suit opportunities on the adjacent land are invited to contact Mr. Orcino at 703.578.7773.
About Duke Realty
In the Raleigh metro area, Duke Realty owns and manages 2.9 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 153 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.