The Southern California office of Duke Realty (NYSE: DRE), the leading U.S. domestic-focused industrial property REIT (Real Estate Investment Trust), announces that it has signed a long-term lease with a major retailer for its new 201,207-square-foot warehouse in Lynwood. Delivered in early November, the building, located at 11600 Alameda Avenue in Lynwood in the highly sought-after South Bay submarket, was developed on a speculative basis on a remediated in-fill site.
“We are pleased to sign a lease for our entire, recently completed building at 11600 Alameda Street,” said Chris Burns, Senior Vice President of Duke Realty’s Southern California operations. “As development of the building progressed, interest in leasing this facility intensified because of its outstanding location adjacent to the 105 Freeway, other major highways, airports and the Ports of Los Angeles and Long Beach. This building gives our tenant the rare opportunity to move into modern, first-generation space in one of Southern California’s most desirable locations.”
Located adjacent to the company’s 323,374-square-foot building at 2700 East Imperial Highway, Duke Realty’s newest building fronts the 105 Freeway and is located three miles from both the 710 and 110 Freeways, providing direct access to LAX and the Ports of Los Angeles and Long Beach, which are approximately 12 miles to the south.
Construction of 11600 Alameda Street began in February and was completed in early November. The building features 32′ clear height, 54′ x 50′ bay spacing, 34 dock doors, a 180’ concrete yard with the ability to store an additional 39 trailers, and LED light fixtures. The building also was designed and built for LEED® certification.
Duke Realty entered the Southern California market in 2011 and has steadily grown its portfolio to nearly 8.7 million square feet through acquisitions and development. Parties interested in leasing and development opportunities with Duke Realty in Southern California are invited to contact the company at 949.797.7000.
About Duke Realty
In Southern California, Duke Realty owns, operates or has under construction nearly 8.7 million square feet of industrial properties. Its local office is at 200 Spectrum Center Drive, Suite 1600, Irvine, CA 92618.
On a nationwide basis, Duke Realty 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.