(Dallas, TX. ‒ July 31, 2017) The Dallas office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk warehouses, has announced that it is building Grand Lakes 4053 on the final available site in Grand Lakes, its industrial park on I-30 in Grand Prairie approximately halfway between Dallas and Fort Worth. The 189,200-square-foot building, which is being built on a speculative basis, is slated for delivery in February 2018.
“Our Grand Lakes properties continue to be attractive to warehouse users looking for quality industrial space in a highly accessible site,” said Jeff Thornton, Senior Vice President of Duke Realty’s Texas region. “We were limited in the options we had available for prospective tenants looking for space in this area, so we elected to begin development of Grand Lakes 4053. This new 189,200-square-foot building, plus an 118,007-square-foot space from an expansion of one of our other Grand Lakes buildings that will deliver in August, increases the move-in ready space we can offer to clients with immediate space needs.”
Grand Lakes 4053 will feature 32′ clear height, 44 – 9′ x 10′ dock doors, 2 – 12′ x 14′ drive-in doors, 56′ x 50′ column spacing and a 185′ truck court. Surrounding the front-load building will be 112 automobile parking spaces and 44 trailer spaces.
In addition to Grand Lakes 4053, Duke Realty developed and owns Grand Lakes 3953, a 1,060,075-square-foot building that is 100 percent leased to Ferrara Candy Company, and Grand Lakes 4003, a recently expanded 1,037,862-square-foot building that is 88 percent leased to Continental Tire Company, APL Logistics and LKQ. Grand Lakes is located in a State of Texas Enterprise Zone and has Triple Freeport inventory tax exempt status. Buildings on the site are highly visible from I-30 and can be quickly accessed from this interstate.
Parties interested in leasing Grand Lakes 4053 or the remaining space in Grand Lakes 4003 are invited to contact Randy Wood at Duke Realty at 972.361.6739.
About Duke Realty
In the Dallas-Fort Worth area, Duke Realty owns, manages, or has under development more than 14.9 million square feet of industrial properties and has strategic land positions available for 3.5 million square feet of future development. Duke Realty’s local offices are located at 14241 N. Dallas Parkway, Suite 1000.
On a national basis, Duke Realty owns, maintains an interest in or has under development approximately 138 million rentable square feet of industrial assets in 21 top U.S. logistics markets. Duke Realty Corporation 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.