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
