Duke Realty’s Greenfield North Properties 100% Leased

(Raleigh, N.C. ‒ Jan. 4, 2016) Just two weeks after its previous tenant vacated, Duke Realty, a leading nationwide REIT (Real Estate Investment Trust) that specializes in the ownership, management and development of quality industrial facilities, has leased 25,635 square feet in its building at 900 North Greenfield Parkway to Atlantic Tire Distributors, a wholesale distributor of brand-name tires in central North Carolina and central-eastern Virginia. With this lease, 900 Greenfield North, as well as all of Duke Realty’s properties in Greenfield North Business Park, are 100 percent occupied.

“Greenfield North Business Park continues to be an attractive destination for businesses looking for high-quality warehouse/distribution space in a central location with superior highway access,” said Sam O’Briant, Executive Vice President of Duke Realty’s East Region. “We are pleased that Atlantic Tire Distributors has chosen to lease the remaining space in 900 Greenfield North, taking our Greenfield North properties to full occupancy.”

Greenfield North Business Park is a master-planned industrial campus located at the interchange of I-40 and U.S. 70 and the proposed extension of I-540. The park is within minutes of downtown Raleigh, RDU International Airport and the I-440 Beltline. Atlantic Tire Distributors is the most recent company to locate its operations in the park joining Crown Equipment Corporation and Mattress Firm, who will occupy Duke Realty’s speculatively developed building at 1000 North Greenfield Parkway when it is complete early next year. Other leading companies in the park include the North Carolina Department of Transportation, Mohawk, Butterball and Golden State Foods.

Scott Hadley with Carolantic Realty represented Atlantic Tire Distributors in the transaction, while Duke Realty was represented by Battista Orcino, Vice President of Leasing, and Jackson Rives with CNL Commercial Real Estate.

Land is still available for development in Duke Realty’s Greenfield North Business Park. Parties interested in prelease or build-to-suit opportunities on the remaining 40.6 acres are invited to contact Mr. Rives at 919.576.2692 or jackson.rives@cnlcre.com.

About Duke Realty

Duke Realty owns and manages more than 3.0 million square feet of industrial and medical office properties in the Raleigh metro area. The company’s office is located at 3005 Carrington Mill Boulevard, Suite 100, in Morrisville. The phone number is 919.461.8000.

On a nationwide basis, Duke Realty owns, maintains an interest in or has under development more than 141.1 million rentable square feet of bulk distribution and medical office assets 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 is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.