|Duke Realty Expands Industrial Portfolio in Columbus by 1 million square feet|
|Monday, 02 April 2012 10:52|
Acquisition of two Creekside bulk warehouse buildings boosts Indianapolis-based REIT’s total industrial space in the market to nearly 9 million square feet.
Duke Realty Corporation’s (Duke Realty) Columbus office announces that it has acquired two industrial buildings in Columbus’ southeast submarket, totaling 1,076,625 square feet.
The addition of these properties increases Duke Realty’s total industrial portfolio in the Columbus area to more than 8.8million square feet and more than 108 million square feet nationwide.
“The acquisition of these two industrial properties is consistent with Duke Realty’s strategy to increase its investment in well-leased, Class A, modern industrial assets in strong distribution markets,” said Jim Clark, Senior Vice President, Columbus. “These properties meet all of our requirements for location and building features, making them excellent additions to our local portfolio. Further, this acquisition increases our holdings in Columbus’ premier warehouse submarket, where we already own and manage approximately 3.6 million square feet of industrial space.”
The two acquired buildings include Creekside XIV, a 463,313-square foot building located at 4555 Creekside Parkway that is 100 percent leased, and Creekside XXII, a 613,312-square foot building located at 2120 Creekside Parkway that is 86 percent leased. Both buildings are located in Creekside Industrial Center a 500-acre, master-planned industrial park and have ready access to I-270, I-71 and I-70, the Norfolk Southern Intermodal facility and Rickenbacker International Airport.
Approximately 174,140 square feet of space remains available for lease in Creekside XXII. For information about leasing opportunities, contact Art Makris, Vice President, Leasing, at 614.932.6015.
Source: Duke Realty