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* two industrial buildings totaling 89,015 square feet on 3.6 acres at 1941 and 1943 West Mission Boulevard in Pomona, California. This most recent acquisition is immediately adjacent to 468 South Humane Way, which the company acquired last year. All facilities are in Southern California’s highly in-demand San Gabriel Valley submarket where the vacancy rate is below one percent.

“As demand for industrial space in Southern California continues at all-time highs, we were extremely fortunate to finalize the acquisitions of these facilities so close to our recently acquired property at South Humane Way,” said Isaac Lau, assistant vice president of acquisitions for Duke Realty. “This perfectly aligns with Duke Realty’s strategy to acquire well-appointed logistics facilities in submarkets where we are seeing strong rent growth and record-low vacancy rates.”

“Land and space are extremely tight in Southern California, but our continued investments in this highly competitive landscape are securing our position as a market leader and maintaining our reputation as a preferred landlord with high-quality, conveniently-located assets,” said Nancy Shultz, regional president of Duke Realty’s Western Region. “The San Gabriel Valley submarket continues to appeal to companies looking for distribution space close to the nearly 15 million residents who live within a 50-mile radius and now we have 1,512,450 square feet of space in the submarket.”

Duke Realty’s acquisitions at 1941 and 1943 West Mission Boulevard each boast 28’ clear height and 120' truck court. The buildings provide immediate access to the I-10, Highway 71 and State Routes 57 and 60. It is also centrally located between the Ports of Los Angeles and Long Beach, LAX and Ontario airports, and the San Bernardino Intermodal Rail Yard.

With this addition, Duke Realty’s Southern California portfolio now exceeds 19 million square feet.

Brad Yates and Stefan Pastor from Colliers represented the seller and Isaac Lau represented Duke Realty in the transaction.

*acquisition completed in Q4 2021

About Duke Realty 

On a nationwide basis, Duke Realty owns and operates approximately 162.4 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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