(Washington, D.C. ‒ Sept. 26, 2016) The Washington, D.C. office of Duke Realty, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, has signed a new lease with Paramount Transportation in TransDulles Centre 22633, its 24,050-square-foot industrial building located at 22633 Davis Drive in Sterling, Va. Paramount Transportation, a leading provider of global moving services, will lease the entire building, which is located in TransDulles Centre, an industrial and office park in Loudon County.
“This property provides exceptional transportation options, including convenient access to Route 28, Dulles Toll Road and Washington Dulles International Airport,” said Battista Orcino, Vice President of Leasing and Development for Duke Realty’s Washington, D.C. office. “We are pleased to welcome Paramount Transportation to TransDulles Centre and all the benefits associated with this well-located property.”
Duke Realty’s portfolio in TransDulles Centre is comprised of three office and 13 industrial buildings totaling 1.0 million square feet. The park is located at Route 28 and Sterling Boulevard.
Junius Tillery from Newmark Grubb Knight Frank represented Paramount Transportation in the transaction, while Duke Realty was represented by Battista Orcino with Duke Realty.
About Duke Realty
In the greater Washington, D.C. area, Duke Realty owns, manages or has under development approximately 1.9 million square feet of industrial and office properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 4900 Seminary Road, Suite 900 in Alexandra, Va. The office phone number is 703.578.7700.
On a nationwide basis, Duke Realty Corporation specializes in the ownership, management and development of bulk distribution and medical office real estate. The company owns and operates approximately 137 million rentable square feet in 21 major U.S. metropolitan areas. Duke Realty 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 Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.