September 21, 2016 Comments Off on Duke Expands SoCal Portfolio with Another Land Buy Views: 330 California, California News, Orange County, West

Duke Expands SoCal Portfolio with Another Land Buy

Duke Realty Corporation acquired 22.67 acres of land in La Mirada, CA slated for future development. The site is located directly north of Duke Realty’s 497,620-square-foot building, and is in a high-demand distribution market just off I-5.

The Indianapolis, IN-based industrial developer plans to build a roughly 475,000-square-foot, cross-dock facility, with parking for 331 automobiles and 83 trailers.

Duke Realty’s Chris Burns says the land is ideally located for warehouse/distribution clients, and gives them the “ability to own two buildings adjacent to one another, which would be attractive to tenants seeking a large concentration of space or campus layout.”

It is the third recent transaction made by Duke Realty as it expands its SoCal portfolio.

Colliers International’s Clyde Stauff and Brett Hardy represented the undisclosed seller. Duke Realty was self-represented.

Read More at Duke Realty

Connect with Colliers’ Stauff

Connect with Duke Realty’s Burns

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , , , ,

Comments are closed.