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Duke Launches Spec Construction in Central DuPage
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Industrial REIT Duke Realty Corporation has begun construction of a 183,296-square-foot bulk warehouse in Glendale Heights, IL in the Central DuPage submarket. The building, which is being developed on a speculative basis, is located at the center of the Chicago metropolitan area at 990 North Ave. near I-355.
“Leasing activity in the Central DuPage submarket has been extremely strong, due to its proximity to downtown Chicago and surrounding populous neighborhoods, especially by companies looking for last-mile distribution sites,” said Susan Bergdoll, VP of leasing and development for Duke in Chicago.
“However, availability is very limited with no other active speculative development underway in the market, making it nearly impossible for customers to find more than 90,000 square feet of ready-to-move-into space.”
The new Glendale Heights property is slated for delivery in November. It will join five other fully-leased Duke buildings totaling 1,372,054 square feet in Central DuPage.
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