DUKE REALTY SECURES LEASE EXPANSION AND EXTENSION FOR PREMIER LOGITECH IN DALLAS
Long-Term Lease Totals Nearly 180K SF of Duke Realty Space for Premier
The Dallas office of Duke Realty Corporation, the leading domestic only, pure-play logistics property REIT in the United States, announces long-term lease agreement with Premier LogiTech, LLC (Premier) securing 178,984 square feet of space at Freeport II in Coppell, Texas. The lease agreement includes an expansion with improvements of 110,157 square feet of space plus an extension of their current lease for 68,827 square feet in the same project.
“Duke Realty is a leader in modern, in-fill industrial and logistics properties and we remain committed to working with clients to ensure they have well located, state-of-the-art facilities to meet their needs,” said Jeff Thornton, senior vice president of the Texas region at Duke Realty. “We continue to make strategic investments in the Texas markets through a robust development pipeline and a steady cadence of improvements to our existing properties in our portfolio of more than 24 million square feet of space.”
Freeport II facility at 600 South Royal Lane is located with convenient proximity to Dallas-Fort Worth International Airport and access to major thoroughfares connecting the Southwest region. Premier, a minority and veteran-owned business that provides integrated technology solutions, is also headquartered in the submarket. According to Premier, the location allows the company to reach its customers in 95 percent of the United States within three business days.
”As a result of the pandemic, we are seeing increased demand for industrial space that provides our clients with easier access to streamlined logistics,” added Thornton. “Our clients want to make sure their customers are getting products and services promptly and for Premier the Freeport II facility has helped them meet their customers’ demands.”
Bill de la Chapelle with Rubicon Representation, LLC represented Premier and Matt Hyman handled the negotiations on behalf of Duke Realty.
About Duke Realty
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
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