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Colliers Raleigh and Duke Realty Secure Lease for ±230,000 SF at CenterPoint Business Park

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Colliers Raleigh and Duke Realty are pleased to announce that Duke Realty 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. Larry Lakins, Hunter Willard and Andrew Young from Colliers represented Duke Realty in lease negotiations.

 

“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.

 

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.

 

About Colliers International

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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For more information, please contact: Caroline Thomas, 919-582-7940, caroline.thomas@colliers.com  


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Larry Lakins

Executive Vice President

Raleigh

As a Senior Vice President & Principal of Colliers International | Raleigh, Larry focuses on Industrial Project Leasing throughout the Triangle, Triad, and the coastal area of eastern North Carolina. His experience in the commercial real estate industry spans well over twenty-two years and encompasses services including industrial landlord and tenant representation, Investment Sales, and Real Estate Development. Prior to joining Colliers, Larry was with Cushman and Wakefield’s Industrial Services Group.

Larry has been acknowledged in the industry as a consistent top producer, He is recognized for his leadership roles in the real estate community, as he has served as the President of the Triangle Commercial Association of REALTORS (TCAR).   Larry has served as President of Hilltop Home a nonprofit intermediate care facility for children with developmental disabilities.   He currently serves as the chair of their foundation.

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Hunter Willard

Executive Vice President

Raleigh

Hunter Willard, Senior Vice President and Principal of Colliers International, is a member of the Industrial Services team in Raleigh. With more than 13 years of experience, Hunter focuses on tenant and landlord representation, as well as investment and owner/occupier sales. He has achieved an excellent reputation among his peers and prospects for his commitment to service excellence. 

Prior to joining Colliers,  Hunter was on the Industrial team at Cushman & Wakefield. Hunter concentrated on landlord and tenant representation, where his responsibilities included client portfolio management, strategy and execution of commercial properties for lease and for sale, and corporate relocations and expansions for local and national clients. Hunter also previously worked in finance and sales as a commercial mortgage broker. His knowledge and experience affords him an extensive understanding of the banking and lending industries, which aids in providing clients with a full perspective and an advantage. 

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Andrew Young

Senior Vice President

Raleigh

Andrew is a real estate professional on Colliers Raleigh’s Industrial Services team. Prior to joining Colliers, Andrew was a member of Cushman & Wakefield’s Logistics and Industrial Service Group, serving clients with tenant representation and agency leasing services. Andrew provides his clients with strategic market research, financial analysis, client management and transactional services. Drawing on a background in real estate research and finance, Mr. Young drives value for his clients by ensuring that they have the knowledge they need to make informed real estate decisions.

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