(Irvine, CA – November 11, 2019) The Southern California office of Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has signed a long-term lease for its logistics building currently under construction at 4375 N. Perris Avenue in Perris, CA, and started the development of another bulk distribution facility also in Perris. A full building lease was signed in Duke Realty’s 1.0 million-square-foot building at 4375 N. Perris Avenue, well before its anticipated delivery in the second quarter of 2020. The company’s newest logistics building at 4501 Patterson Avenue, which will total 800,218 square feet, is projected to deliver in the second half of 2020 and is available for lease.
“Perris continues to be a preferred location in the Inland Empire East for companies looking for large blocks of modern distribution space because of its proximity to the I-215 and business friendly environment,” said Nancy Shultz, Senior Vice President of Duke Realty’s Southern California operations. “Duke Realty currently has more than 12.5 million square feet of space in 30 buildings in Southern California that are 100 percent leased.”
4375 N. Perris Avenue will be a LEED® certified building with 40’ clear height, 138 dock doors, 245 trailer stalls, 608 auto parking spaces, and 4-grade level loading doors. The building is located on a 54-acre site at the corner of Perris Avenue and Markham Street, both of which have been widened.
4501 Patterson Avenue is being constructed on a 37.3-acre site on the southeast corner of Patterson Avenue and Markham Street. The building, which is being built to LEED® Silver standards, will include 40’ clear height, 117 dock doors, 246 trailer stalls, 367 automobile parking spaces and four grade-level loading doors.
Parties interested in preleasing 4501 Patterson Avenue or build-to-suit opportunities in Southern California are invited to contact Collin Phillips with Duke Realty at 949.797.7051.
About Duke Realty
In Southern California, Duke Realty owns, operates or has under construction more than 12.5 million square feet of industrial properties. Its local office is at 200 Spectrum Center Drive, Suite 1600, Irvine, CA 92618.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 155 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.