Duke Leases 824K SF, Acquires Pair of ‘Last Mile’ Facilities
Duke Realty executed 824,363 square feet of leases at newly-developed or recently-acquired buildings in SoCal. The Indianapolis-based REIT also expanded its portfolio with the acquisition of two, fully-leased ‘last mile’ buildings totaling 119,431 square feet.
Duke Realty’s Chris Burns says, “Duke Realty continues to grow its Southern California portfolio with modern, well-located properties, which have helped us benefit from strong market fundamentals.”
The company pre-leased an under-construction building at 16171 Santa Ana Ave. in Fontana to Sub-Zero. The 282,154-square-foot building is scheduled for delivery in August.
Full-building leases were signed at two properties acquired in 2017, including 9988 Redwood Ave., a 214,431-square-foot warehouse in Fontana, which is now 100% leased to NRI USA; and 825 Ajax Ave., a 327,778-square-foot building in City of Industry, which is leased by Sealy Mattress (pictured above).
The two buildings acquired are located at 500 and 700 Burning Tree Rd. in Fullerton.
For comments, questions or concerns, please contact Dennis Kaiser
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.