Rehrig Penn’s Lease Renewal Keeps Duke Realty’s New Jersey Portfolio 100% Leased

(Conshohocken, Penn. ‒ June 7, 2016) The Northeast Region office of Duke Realty Corporation, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that Rehrig Penn Logistics, a provider of supply chain solutions, has renewed its lease for 85,080 square feet in 1130 Commerce Boulevard. With this renewal, both the 386,026-square-foot warehouse in Logan Township and Duke Realty’s entire 2,469,811-square-foot portfolio in New Jersey are 100 percent leased.

“We are pleased that our long-time tenant Rehrig Penn will remain in its space at 1130 Commerce Boulevard,” said Jeff Palmquist, Senior Vice President of Duke Realty’s Northeast Region. “Renewals, such as Rehrig Penn’s, are especially important to us because we believe they are strong indicators of customers’ satisfaction with our properties and our people.”

Matthew Bremner, Vice President of Leasing, represented Duke Realty in the transaction with Rehrig Penn.

About Duke Realty

Duke Realty Corporation specializes in the ownership, management and development of bulk distribution and medical office real estate. The company owns and operates approximately 138 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.

In addition to its industrial properties in New Jersey, the company also owns and manages more than 5.8 million square feet of industrial properties in Pennsylvania and Baltimore. The company develops, leases and manages its Northeast Region properties from its office at 161 Washington Street, Suite 1020, West Conshohocken, PA. The phone number is 484.533.6500.

 

Editor’s Note: Please contact Duke Realty’s Communications department at duke.communications2@dukerealty.com if images of 1130 Commerce Boulevard are needed.