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California  + Inland Empire  + Industrial  | 

Duke Adds 752K-SF to SoCal Industrial Portfolio

Duke Realty Corporation acquired four industrial facilities totaling 751,936 square feet, boosting the Indianapolis-based REIT’s SoCal portfolio to 6.1 million square feet. The newly-developed assets are all located in the Inland Empire.

Duke Realty’s Chris Burns said, “Southern California continues to be the leading industrial market in the United States, and the properties in this acquisition are all well located in core submarkets, making them excellent additions to our local portfolio.”

The purchased properties include:

  • 9189 Utica Ave., totaling 156,900 square feet in Rancho Cucamonga
  • 9988 Redwood Ave., totaling 214,431 square feet in Fontana
  • 7953 Cherry Ave., totaling 182,919 square feet in Fontana
  • 1589 E. 9th St., totaling 197,685 square feet in Pomona (pictured)

Three of the four state-of-the-art properties were delivered in 2016, and are 100% leased to single tenants. CBRE National Partners represented the undisclosed seller in the transaction. Duke Realty was self-represented.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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