Duke Realty Preleases 43% of One of Two 90,089 SF Industrial Buildings under Construction in Pompano Beach

(Weston, Fla. ‒ July 30, 2015) The South Florida office of Duke Realty Corporation, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, has announced that it is developing two 90,089-square-foot industrial buildings in Pompano Commerce Center, and that one of the buildings is already 43 percent preleased. World Electric Supply, Inc., a company specializing in electrical product sales, will occupy 38,633 square feet in one of the buildings, which Duke Realty is developing on a speculative basis in its industrial development located off Blount Road/27th Avenue adjacent to Florida’s Turnpike. The 9.45 acre site where the two buildings are being constructed was acquired by Duke Realty in 2010, along with two completed buildings totaling 223,375 square feet. Both of the existing buildings are 100 percent leased by four long-term tenants.

“Interest in the Pompano Beach submarket continues to be strong because of its proximity to Florida’s Turnpike and I-95, as evidenced by World Electric Supply’s prelease,” said Ed Mitchell, Senior Vice President of Duke Realty’s Florida Region. “Our existing Pompano Commerce Center buildings are 100 percent occupied, limiting our ability to meet prospective tenants’ needs or to offer an alternative to existing tenants that have grown and need additional space. With these new buildings, Duke Realty will be able to respond to potential tenants with new, state-of-the-art industrial space in a prime distribution hub.”

The two buildings, which will be named Pompano Commerce Center Buildings II and IV, are being built simultaneously and are 185′ deep, matching the depth of buildings I and III. Each building will feature 32’ clear heights and 40′ x 46’3″ dock bays. The buildings are concrete tilt-wall construction and are being built on a 7″ reinforced slab. Each building will include 23 – 9′ x 10′ dock doors and two 16′ x 16′ drive-in doors and have parking for more than 110 automobiles and a 170′ deep truck court. Electrical service in the building will be 1,800-amp, 277/480 volt, 3-phase power. Delivery of the two buildings is scheduled for October 2015.

Allen Lindlow with CBRE represented World Electric Supply in the transaction, while Duke Realty was represented by listing agent Jeff Kelly with CBRE and Stephanie Rodriguez with Duke Realty.

Parties interested in leasing space in Pompano Commerce Center Building II or IV are invited to contact Ms. Rodriguez at 954.453.5671 or stephanie.rodriguez@dukerealty.com.

About Duke Realty

Duke Realty entered the South Florida market in 1999 and currently has a portfolio of industrial and office properties totaling approximately 5.7 million square feet. Duke Realty’s South Florida office is located at 2400 North Commerce Parkway, Suite 405 in Weston. The office phone number is 954.453.5660.

On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 142 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.