Duke Realty Secures Lease at CenterPoint Business Park in Raleigh
New Lease Deal Keeps Duke Realty’s CenterPoint Business Park at 100 Percent Occupancy
The Raleigh/Washington, D.C. office of Duke Realty Corporation (NYSE: DRE), a leader in sustainable industrial real estate development and the largest domestic-only logistics REIT (Real Estate Investment Trust), announces that it has signed a new lease deal for its CenterPoint 1757 facility within CenterPoint Business Park. A Raleigh-based company will occupy the entire 230,580-square-foot facility.
“Duke Realty has a reputation for owning and managing best-in-class industrial space and when companies in Raleigh are looking to consolidate and/or expand their footprint with a high-quality facility in prime locations, they find it in our portfolio,” said Battista Orcino, vice president of leasing and development for Duke Realty in Raleigh. “This long-term lease agreement secures 100 percent occupancy at CenterPoint 1757 for the next decade and keeps our Raleigh portfolio at 100 percent occupancy.”
Duke Realty owns and manages 2.8 million square feet of industrial properties in the Raleigh metro area. CenterPoint Business Park is a two-building industrial development with 555,116 square feet of space. Located within the thriving Research Triangle region at the center of the market between Raleigh, Durham, Cary and Chapel Hill and boasts superior access to I-40, I-85, I-540 and U.S. Highway 70, as well as to Raleigh-Durham International Airport and Research Triangle Park, just minutes from Brier Creek in northwest Raleigh.
Larry Lakins, Hunter Willard and Andrew Young from Colliers represented Duke Realty in lease negotiations.
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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