(Chicago, Ill. ‒ April 20, 2015) The Chicago office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, announced that HD Supply Solutions and Grand Warehouse & Distribution, two existing tenants, have expanded their leased space in Duke Realty properties in the Northlake submarket. At the same time, both companies renewed their original leases.
HD Supply Solutions, a provider of products and services to the maintenance, repair and operations, infrastructure and power and specialty construction sectors, has expanded by 67,122-square feet and will now occupy all of Northlake I, a 413,675-square-foot bulk warehouse.
Grand Warehouse and Distribution, a beverage distributor, will lease an additional 51,884-square-foot expansion of Northlake III, the built-to-suit warehouse that Duke Realty delivered for the company in 2006. With the expansion, Grand Warehouse will now occupy 229,604 square feet.
“The renewals and expansions by HD Supply and Grand Warehouse are indicative of these two companies’ ongoing success and the effectiveness of the facilities they’ve chosen for their operations,” said Ryan O’Leary, Senior Vice President of Duke Realty’s Chicago Operations. “We are pleased that both of these large tenants have chosen to grow with Duke Realty.”
Duke Realty’s Northlake properties are located off I-294 south of O’Hare International Airport and adjacent to the second largest intermodal facility in the country. Northlake I is located at 635 Northwest Avenue, and Northlake III is located at 599 Northwest Avenue and is served by two parallel rail spurs.
John Cash with NAI Hiffman represented HD Supply in its transaction, while Grand Warehouse was self-represented. Duke Realty was represented by Susan Bergdoll, Vice President of Leasing, in both transactions.
About Duke Realty
In the greater Chicago area, Duke Realty owns, manages or has under development more than 12.8 million square feet of industrial and healthcare properties and has strategic land positions in key distribution submarkets available for future development. Duke Realty’s local offices are located at 9377 West Higgins Road, Suite 600 in Rosemont.
On a nationwide basis, Duke Realty Corporation owns, maintains an interest in or has under development approximately 153.2 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 Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.