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Colliers Raleigh to Oversee Leasing of Duke Realty's 3.1 MSF Triangle Industrial Portfolio

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Colliers Raleigh to Oversee Leasing of Duke Realty's 3.1 MSF Triangle Industrial Portfolio

RALEIGH, N.C. – (December 14, 2020) – Colliers International is now responsible for the leasing of Duke Realty’s portfolio in the Triangle area of North Carolina.

Larry Lakins, Hunter Willard and Andrew Young, who previously retained the leasing of the project, will continue to lease the 26-building portfolio after migrating to Colliers International | Raleigh-Durham. The portfolio is currently more than 98% leased.

“Duke Realty’s properties are among the highest quality developments in the Raleigh-Durham area,” said Battista Orcino, Vice President of Leasing and Development with Duke Realty. “I’m confident that with Colliers’ local expertise and national reach, we will continue to grow and be successful in the Triangle.”

“We’re thrilled to continue working with Duke Realty on this substantial portfolio”, said Larry Lakins, Senior Vice President and Principal with Colliers.  “Duke continues to be one of the most reliable and experienced players nationwide, especially in the Triangle industrial market.”

The portfolio includes the following properties:

- Walnut Creek, five buildings totaling 527,246 square feet

 - Greenfield North, eight buildings totaling 905,868 square feet with land to support an additional 136,000 SF

- Woodlake Center, seven buildings totaling 801,046 square feet

- Perimeter Park, four buildings totaling 358,036 SF

- CenterPoint, two buildings totaling 555,376 square feet

 

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.

About Colliers

Colliers International (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success 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