New leases, renewals and expansions total 466,333 square feet
(Minneapolis, Min. – April 26, 2011) Duke Realty Corporation’s (Duke Realty) Minneapolis office announced that it closed 466,333 square feet in new leases, renewals and expansions in its industrial portfolio during the first two quarters of 2011.
“Our commitment to quality service and customer satisfaction enabled us to establish a number of new client relationships, retain many of our long-term customers and meet existing tenants’ increased space requirements,” said Pat Mascia, Senior Vice President of Duke Realty’s Minneapolis operations. “Our customers are pleased with the quality of our properties and Duke Realty’s willingness to work with them on finding a space solution that meets their needs.”
Scott Moe, Vice President of Leasing for Duke Realty, was instrumental in closing the following transactions:
Columbia Pipe & Supply, a supplier of pipes for industrial contractors, has signed a new 88,020-square foot lease in Apollo Industrial Center I in Eagan. John Young & Phil Simonet of Paramount represented Columbia Pipe.
In another new lease, Holiday Stationstores, Inc., a convenience store operator, will occupy 38,957 square feet in Hampshire Distribution Center North in Bloomington. Tom Dunsmore & Mark Kolsrud of Cassidy Turley represented Holiday.
Verizon Wireless, a wireless communication device and network provider, expanded its leased space in Hampshire Distribution Center North in Bloomington by 30,958 square feet for a total of 75,658 square feet.
Graybar Electric Company, a distributor of components, equipment and materials for the electrical and telecommunications industries, renewed and expanded its space by 24,000 square feet in Crosstown North Business Center 12 in Brooklyn Park. The company now occupies 144,048 square feet. Mike Voelker of Pinnacle and Dan Swartz of CBRE represented Graybar.
CVRx, a medical manufacturing company, has signed a lease for 26,379 square feet in Crosstown North Business Center 6 in Brooklyn Park. David Niemi & David Buyse of Equis represented CVRx.
Capital Sales Company, a distribution source for electronics retailers and system contractors, has renewed its lease for 57,344 square feet in Trapp Road Commerce Center II in Eagan. Bryan VanHoof of CBRE represented Capital Sales.
CH Anderson also opted to remain in its Duke Realty space, renewing it lease for 13,583 square feet in Trapp Road Commerce Center II. Patrick Schneider and David Wiegratz of Equis represented CH Anderson.
DHL Global Forwarding (Air Express International USA) has decided to remain in its Duke Realty space, renewing it lease for 54,044 square feet in Apollo Industrial Center II. Mark Sims of Cassidy Turley represented DHL.
In another renewal, Commercial Flooring Services has renewed its lease for 13,000 square feet at Apollo Industrial Center II in Eagan. Tad Jellison and John Lorence of JLL represented Commercial Flooring Services.
About Duke Realty
In the greater Twin Cities area, Duke Realty owns or manages nearly 5 million square feet of industrial, office and retail space.
On a nationwide basis, Duke Realty owns and operates more than 139 million rentable square feet of industrial, office and medical office space in 18 major U.S. cities. Duke Realty Corporation is public 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 dukerealty.com.
– 30 –
Editor’s Note: Please contact Duke Realty’s Communications team at email@example.com if any images of the Duke Realty properties mentioned in this news release are needed