Duke Realty Secures Lease with National Cabinet Manufacturer
New Lease Deal Keeps Duke Realty’s Walnut Creek at 100 Percent Occupancy
The Raleigh/Washington, DC office of Duke Realty Corporation, the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has signed a new lease deal for its Walnut Creek 3071 facility. J&K Cabinetry, a national manufacturer of wood cabinets and vanities, will occupy 100,000 square feet — the entire facility.
“J&K Cabinetry was looking to expand its footprint in Raleigh and needed class A industrial space with easy access for their customers. They found it at Duke Realty’s Walnut Creek” said Battista Orcino, vice president of leasing and development for Duke Realty in Raleigh. “This long-term lease agreement with a high-quality tenant ensures 100 percent occupancy at Walnut Creek 3071 for the next decade.”
Duke Realty owns and manages 3.1 million square feet of industrial properties in the Raleigh metro area. Walnut Creek is a 92-acre master-planned industrial development with five buildings and more than 500,000 square feet of space. Located within a minute drive of Route 440 and Interstate 64, Walnut Creek is located on Raleigh’s east side.
Daniel McCloy from Trademark Properties represented J&K Cabinetry and Larry Lakins, Hunter Willard and Andrew Young from Colliers represented Duke Realty.
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 component 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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