Real estate professional will help expand national logistics real estate company’s portfolio in northwestern U.S. markets.
Duke Realty Corporation (NYSE: DRE), the leading domestic-only, industrial-focused REIT (Real Estate Investment Trust) in the country, has hired Drew Hess as Senior Vice President of its Northern California and Seattle Region. Hess, a 20-year commercial real estate veteran, will oversee the company’s existing 3.0 million-square-foot logistics portfolio in these markets, with a goal of growing its assets through new development and investment opportunities.
“We are pleased to add an experienced commercial real estate professional to our team to help us expand our portfolio in these key distribution markets and establish a regional office,” said Steve Schnur, Senior Executive Vice President of Duke Realty. “Drew has vast experience and a proven record of success working in the commercial real estate investment arena, having sourced, negotiated and closed millions of square feet of development and acquisition transactions primarily in California and Seattle. He will be a real asset to our operations.”
Hess comes to Duke Realty after a career focused on commercial real estate investments in western U.S. markets. Most recently he was Regional Director and Market Leader for First Industrial Realty Trust, responsible for expanding that REIT’s portfolio in the Bay Area, Central Valley and Seattle. His experience also includes positions with American Realty Advisors, Prudential Real Estate Investors and AMB Property Corporation. During his tenure with these companies, he led more than $3.6 billion in transactions.
Hess is a native of California and has lived in San Francisco since starting off his career with Arthur Anderson LLP. He graduated from the University of Colorado at Boulder with a Bachelor of Science in Business Administration and is a CPA in California. Hess is a LEED® Accredited Professional and on the Board of Directors of NAIOP’s San Francisco Bay Area chapter, serving as its president in 2017.
About Duke Realty
In the northwestern markets of Northern California and Seattle, Duke Realty owns and manages more than 3.0 million square feet of industrial properties.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 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.