Duke Realty Acquires ~75K SF Industrial Facility in High Demand Los Angeles County
Company’s Portfolio in Southern California Exceeds 21M SF
The Southern California office of Duke Realty Corporation (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 74,760-square-foot industrial building at 13943 Maryton Avenue in Santa Fe Springs. The building, built in 2017, is in Southern California’s highly in-demand Mid-Counties submarket. The facility is currently available for lease.
“Warehouse and distribution space is tight across the country and here in Southern California space and land to develop space is scarce,” said Nancy Shultz, president of Duke Realty’s West Region. “We are always looking for these types of opportunities to add existing, yet modern, facilities to our portfolio. With this addition, our Southern California portfolio is now more than 21 million square feet.”
Duke Realty’s acquisition at 13943 Maryton Avenue has a 30-foot clear height, eight dock-high positions with pit levelers at every door and a fully secured 185-foot truck court. The warehouse is well-situated with immediate access to the 5, 605 and 91 freeways.
“Our acquisition strategy remains focused on infill, functional assets in high-barrier tier 1 markets and the acquisition of this modern facility elevates our best-in-class portfolio,” said Isaac Lau, assistant vice president of acquisitions for Duke Realty. “We are continuously pursuing similar acquisition opportunities to meet companies’ warehouse and distribution needs through development and acquisitions.”
Those interested in lease opportunities at 13943 Maryton Avenue can contact listing brokers Chris Sheehan, Connor Reeves, Mike Foley at Colliers and Jake Smith, Duke Realty’s vice president of Leasing and Development in Southern California.
*Acquisition completed in Q1 2022
About Duke Realty
Duke Realty owns and operates approximately 164.9 million rentable square feet of industrial assets in 19 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a component of the S&P 500 Index. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook, Instagram and YouTube.
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