New warehouse in Shakopee 100% leased just one week after construction completion.
(Minneapolis, MN – Oct. 26, 2017) The Minneapolis-St. Paul office of Duke Realty Corporation (Duke Realty), the leading U.S. domestic-focused industrial property REIT (Real Estate Investment Trust), announces that it has leased 201,864 square feet at Gateway South 2101. With this lease, the 374,700-square-foot building which was delivered at the beginning of October, is 100 percent leased. Located at 2101 4th Avenue East in Shakopee, the building also houses MyPillow.
“We are very pleased with the success of Gateway South” said Josh Budish, Duke Realty’s Vice President of Leasing and Development in Minneapolis. “Since acquiring the land in September 2015, we’ve constructed two buildings totaling nearly 617,000 square feet that are now 100 percent leased.”
Gateway South 2101 is located adjacent to Gateway South 2301 on a 46.12-acre site along the Highway 101 corridor in Shakopee. Gateway South 2301 is a 242,004-square-foot, build-to-suit warehouse for Milestone AV Technologies that was delivered in August 2016.
Gateway South 2101 includes 32′ clear height, LED lighting, 50′ x 50′ column spacing with a 60′ speed bay, and onsite trailer parking.
Listing agent Kris Smeltzer with Cushman & Wakefield and Mr. Budish represented Duke Realty.
About Duke Realty
Duke Realty owns, manages or has under development 4.5 million square feet of industrial properties in the Minneapolis-St. Paul area. Duke Realty’s local offices are located at 1550 Utica Avenue South, Suite 420 in Minneapolis.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 144 million rentable square feet of industrial assets in 21 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.