(Nashville, Tenn. ‒ June 15, 2015) The Nashville 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 UNARCO Material Handling, Inc. has leased 155,390 square feet in Nashville Business Center II. The national manufacturer and distributor of structural and roll-formed pallet racking and warehouse storage systems will use the building, which is located at 3438 Briley Park Boulevard, as a product distribution center. With UNARCO’s lease, the building is now 78 percent leased.
“We are pleased that the Concentric Storage Systems division of UNARCO has chosen to lease space from Duke Realty and welcome them to their new space in Nashville Business Center II,” said Chris Brown, Regional Senior Vice President for Duke Realty’s Georgia and Tennessee Region. “This recently upgraded building not only meets UNARCO’s space needs, but also provides them with ready highway access via I-65 and I-24 and is located within minutes of FedEx and UPS ground facilities.”
Nashville Business Center II is a 501,300-square-foot building that Duke Realty placed in service in 2005, but upgraded recently with new T-5 warehouse lighting with motion sensors. The building features 32ʼ clear height, 42ʼ x 50ʼ bay spacing with 60ʼ x 50ʼ spacing at the dock staging area and ample auto and trailer parking around the building. Improvements made on behalf of UNARCO include constructing a demising wall, adding a new building entrance, establishing separate electrical service and reworking the office area.
“Nashville Business Center II is a modern, well-located facility that meets our current space needs and will accommodate our future growth,” said Gary Slater, President and CEO of UNARCO. “Duke Realty’s willingness and ability to make the improvements we requested in an expedient manner confirms our decision to locate our distribution operations here.”
Charley Hankla with DTZ represented UNARCO in its lease, while Duke Realty was represented by Lonnie Russell, Duke Realty’s Vice President of Leasing.
Approximately 148,000 square feet of space is still available for lease in Nashville Business Center II. Interested parties are invited to contact Mr. Russell at 614.884.2311 or email@example.com.
About Duke Realty
In the Nashville area, Duke Realty owns and manages 4.1 million square feet of industrial, office and healthcare properties and has strategic land positions available for 1.9 million square feet of future industrial development. Duke Realty’s local offices are located at10 Cadillac Drive, Suite 120 in Brentwood.
On a national basis, Duke Realty owns, maintains an interest in or has under development 141 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. More information about Duke Realty is available at www.dukerealty.com. Duke Realty can also be followed on Facebook and Twitter.