(Chicago, Ill. ‒ Feb. 1, 2016) The Chicago office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) that specializes in the ownership, management and development of quality industrial facilities, announces that long-term tenant Hub One Logistics, Ltd. has renewed its lease for 460,800 square feet in Crossroads 2. The warehousing and logistics services provider began leasing space in Crossroads 2 in 2001 and has expanded multiple times so that it now occupies the entire building, which is located in Romeoville, Ill.
“We are pleased that Hub One Logistics has elected to continue leasing space in Crossroads 2 for its operations,” said Ryan O’Leary, Senior Vice President of Duke Realty’s Chicago Operations. “Tenant retention is of utmost importance to Duke Realty because we believe it is the best indicator of our customers’ satisfaction with our product and our people.”
Crossroad 2 is part of Crossroads Business Center, a multi-building industrial park where Duke Realty owns and manages eight bulk warehouse buildings. Crossroads 2, located at 1255 Schmidt Road, features 30′ clear height, 40′ x 40′ column spacing, 69 dock doors, and four drive-in doors.
Kris Bjorson and Chris Watts with JLL represented Hub One in its renewal, while Duke Realty was represented by Susan Bergdoll.
Parties interested in leasing space or build-to-suit opportunities in Crossroads Business Center are invited to contact Ms. Bergdoll at email@example.com or 847.232.5420.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development approximately 12.5 million square feet of industrial and healthcare properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 1301 W. 22nd Street, Suite 800 in Oak Brook.
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development 141.8 million rentable square feet of industrial and office assets, including medical office, 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.