Global Power Management Company Leases Duke Realty Facility Under Construction

Eaton Expands its U.S. Footprint with Lease of ~370K SF Facility in Woodridge

10000 Woodward Avenue in Woodridge, Illinois

CHICAGO — February 1, 2022 — The Chicago office of Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, inked a lease agreement with Eaton, a provider of power management technologies and services across the world, for its newest facility in Woodridge, Illinois. The company announced the start of the 370,973-square-foot speculative development in August 2021. Now, 100 percent preleased, it is scheduled for completion in July 2022.

“Our strategic approach to development and our investment in infill locations continues to pay off,” said Josh Bauer, Duke Realty vice president of leasing and development in Chicago. “What was once a vacant movie theatre will soon be a strategically located, state-of-the-art warehousing and distribution center in a robust employment market — meeting Eaton’s needs for space and talent.”

“We are very excited about the location which will become one of the premier warehousing locations across Eaton’s United States footprint,” said Glen Haeflinger, senior vice president & general manager for Eaton’s Distributed IT organization. “It was important to us to find a location that met our needs as a company and would keep our workforce in the area since we have such a long history in Chicago. This location is ideal to accomplish both goals.”

Duke Realty’s development on approximately 21 acres at 10000 Woodward Avenue in Woodridge, on the east end of the I-55 submarket offers proximity to the city of Chicago and the I-355 and I-55 interchanges. The facility will have 36’ clear height, 37 dock doors, four drive-in doors, 44 trailer spaces and 343 parking spaces. It is being built to LEED® certification standards — meeting requirements for environmentally sustainable construction and site development, water savings, energy efficiency and construction waste management.

Jason Lev with CBRE represented the tenant in lease negotiations while Duke Realty was represented by Jason West and Sean Henrick at Cushman Wakefield.