(Atlanta, GA – June 8, 2015) Duke Realty Corp. (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk warehouses, announced today that since December 2014 it has leased nearly 1 million square feet of industrial/warehouse space in the Savannah port area, pushing its occupancy rate to 100 percent.
Duke Realty owns 6.4 million square feet of space in the Savannah port area in 25 buildings, making it the largest industrial/warehouse owner in Savannah.
“The Savannah port market has been very active in the past year due to the rebound in the economy and congestion in West Coast ports resulting from labor disputes and negotiations,” said Chris Brown, Senior Vice President of Duke Realty’s Georgia and Tennessee operations. “The Savannah port’s ability to accommodate this significant growth is a testament to its management’s foresight and planning. This bodes well for warehouse buildings, like those owned by Duke Realty, with excellent access to the port.”
The recent leases were signed with ONL-RBW Logistics, Port City Logistics, ABRO Industries and Supply Chain Management. Several firms signed multiple leases. The largest single deal was a 216,000-square-foot lease by ONL-RBW, which also leased 125,100 square feet of space in another Duke Realty building.
Brian Sutton of Duke Realty and Wrenn Blaylock of North Point Industrial Realty represented Duke Realty in all transactions, with assistance from Cliff Dales of Colliers International on three deals. Tenant representatives included Bill Sparks of CBRE, and David Sink and Cliff Dales of Colliers International.
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About Duke Realty
Duke Realty Corporation owns, maintains an interest in or has under development 141 million rentable square feet of bulk distribution and office assets, including medical office, in 22 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 Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.