JERSEY CITY, N.J. — January 28, 2022 — The New Jersey office of Duke Realty (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has acquired* a 469,600-square-foot industrial warehouse located on 65 acres at 600 Ridge Road in Piscataway, New Jersey. The building,… Continue Reading
The U.S. is facing a warehouse shortage, with 1 billion square feet of new industrial space needed by 2025 to keep up with demand, according to commercial real estate services company JLL. More e-commerce activity and faster delivery is driving up demand and shifting local economies, like in the Lehigh Valley region of Pennsylvania. Now,… Continue Reading
As supply chain snarls continue, NBC Nightly News takes a deeper dive into the impact on warehouses and distribution centers across the U.S. NBC Nightly News correspondent, Jo Ling Kent interviews Duke Realty Chairman and CEO Jim Connor, tours NRI Distribution at a Duke Realty facility in Fontana, California and interviews Ryan Dale-Johnson, vice president… Continue Reading
CNBC’s Jane Wells interviewed Duke Realty Chairman and CEO Jim Connor on the supply chain challenges impact on the industrial real estate industry. Wells reported live from a Duke Realty facility in Lynwood, California where Duke Realty tenant, iDC Logistics manages a portion of their national warehouse operations.
Commercial Property Executive interviewed Duke Realty Chairman and CEO Jim Connor on the state of the industrial real estate industry in the midst of supply chain disruptions due to port bottlenecks, particularly in Los Angeles and Long Beach in California, where containers ships are often waiting weeks to unload their cargo. In the article, How… Continue Reading
On September 28, 2021, Bob’s Discount Furniture officially opened the latest distribution center in its expanded supply chain — 150 Old New Brunswick Road in Piscataway, New Jersey. The new 622,230-square-foot warehouse developed by Duke Realty boasts 40-foot clear heights and 125 dock doors and recently received LEED Silver certification, meeting high energy efficiency performance… Continue Reading
CHICAGO — August 4, 2021 — The Chicago office of Duke Realty (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces the construction of a 370,973-square-foot speculative development in Woodridge, Illinois. The planned state-of-the-art facility is located within minutes of Chicago’s airports, close to major thoroughfares… Continue Reading