Owner/developer of large industrial portfolio in Chicago raises occupancy in three buildings to 100 percent.
(Chicago, IL – April 20, 2012) Three longtime tenants in three of Duke Realty Corporation’s (Duke Realty) industrial properties in Chicago have recently committed to remaining in their space through lease renewals and expansions. The three transactions, which total more than 405,089 square feet, bring all three properties to 100 percent occupancy.
WinCup, a leading manufacturer of foam disposable cups, bowls, containers, and lids, has renewed its 150,000-square foot lease in 1250 Carolina Drive in West Chicago. Marat Safir with Taurus Realty represented WinCup in the transaction, while Susan Bergdoll, Vice President of Leasing represented Duke Realty.
In another lease renewal, Birger Christensen, a Scandinavian clothing retailer, will remain in its 36,625-square foot space at 4160 Madison Street in Hillside. Susan Bergdoll represented Duke Realty in this deal.
Increasing its leased space by 62,760 square feet was Niven, a provider of innovative merchandising solutions. With this expansion, Niven now leases a total of 218,464 square feet in Carol Stream IV, located at 815 Kimberly. David Bercu of Colliers International represented Niven in the transaction, while John Cassidy and Ken Franzese of Lee & Associates and Ryan O’Leary, Vice President of Leasing for Duke Realty represented the landlord.
“Renewals and expansion from longstanding customers are particularly gratifying because they indicate a high level of satisfaction with our product and our people,” said Steve Schnur, Senior Vice President of Duke Realty’s Chicago operations. “We appreciate that these clients have chosen to remain in their Duke Realty properties.”
About Duke Realty
In the greater Chicago area, Duke Realty owns and manages more than 11.3 million square feet of office, industrial and healthcare properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 9377 West Higgins Road, Suite 600 in Rosemont.
On a nationwide basis, Duke Realty owns and operates approximately 136 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. 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.