Duke Realty’s New Industrial Building 100% Leased

(Raleigh, NC ‒ Dec. 2, 2015) The Raleigh office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that 1000 Greenfield North Parkway, its new 133,350-square-foot building currently under construction in Garner, is 100 percent leased. Crown Equipment Corporation, one of the world’s largest material handling companies, and Mattress Firm, a leading retailer of mattresses and bedding products, will occupy the building which is slated for delivery the first quarter of 2016.

“We are pleased with the interest in 1000 Greenfield North Parkway and our ability to fully lease it while it is still under construction,” said Sam O’Briant, Senior Vice President of Duke Realty’s East Region. “The lease up of this building before its completion is a reflection of the strong demand for high-quality, well-located industrial space in the Raleigh metro area.”

When complete, 1000 Greenfield North Parkway will feature 30′ minimum clear height, 50′ x 55′ column spacing, 31 ‒ 9′ x 10′ dock doors and two 12′ x 12′ drive-in doors. The building also will include 1,200-amp electrical service with 277/480-volt, 3-phase power and an ESFR sprinkler system. Surrounding the building will be 116 automobile parking spaces and a 130′ deep truck court.

1000 Greenfield North Parkway is located in Greenfield North Business Park, a master-planned industrial campus that is home to several of the area’s leading companies, including the North Carolina Department of Transportation, Mohawk, Butterball and Golden State Foods. From its location at the interchange of I-40 and U.S.-70 and the proposed extension of I-540, Greenfield North offers superior access and visibility and is minutes of downtown Raleigh, RDU International Airport, the I-440 Beltline.

Ann-Steward Patterson, Butch Miller and Daniel Jackson with CBRE represented Crown Equipment in the transaction, while Duke Realty was represented by Battista Orcino, Vice President of Leasing, and Jackson Rives and Alexis Lambeth 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.