Duke Realty Breaks Ground on 1.2M SF Distribution Facility in Southern California
Spec Project Pushes Duke Realty Development Starts in Southern California to more than $1B
The Southern California office of Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has broken ground on a large land site, Duke Realty’s eighth site, in the Inland Empire East submarket of Southern California. The 1,203,449-square-foot speculative development at 728 West Rider Street is slated for delivery in summer 2021. The planned state-of-the-art distribution facility is strategically located in Perris, California with convenient access to the I-215 freeway and other major interstates.
“Over the past eight years, Duke Realty has continued to grow its Southern California footprint with more than $1 billion in development starts — much of it accommodating tenants’ needs for large blocks of new distribution space,” said Nancy Shultz, senior vice president of Duke Realty’s Southern California operations. “We currently have more than 14.8 million square feet of space in Southern California, another 3.1 million square feet in our development pipeline and a planned approach to future opportunities for expansion.”
Duke Realty is constructing the 728 West Rider Street facility on a 55.2-acre site in the Inland Empire East market. The building, which is being built to LEED® Silver standards, will include 40’ clear height, level floors, 241 dock doors, 344 trailer stalls, 442 automobile parking spaces and four grade-level loading doors.
“More of our clients are looking for modern, efficient distribution facilities with highly desirable proximity and convenience to major trucking thoroughfares,” said Chris Burns, executive vice president of west and central regions at Duke Realty. “About one third of Duke Realty’s leasing and development activity across the country is e-commerce related and, as the country continues to see significant increases in online retail transactions due to the pandemic, Duke Realty is projecting demand for even more ecommerce distribution space in tier one markets like Southern California.”
Leasing opportunities at 728 West Rider Street are available. Contact Collin Phillips, vice president of leasing and development in Southern California for Duke Realty, via email at collin.phillips@dukerealty.com
About Duke Realty
On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
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