Mattress Firm Leases 60% of New Duke Realty Warehouse in Greenfield North

(Raleigh, NC – August 5, 2015)  Duke Realty, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, and its leasing agent Cushman & Wakefield | Thalhimer announce that Mattress Firm has leased 80,225 square feet in Duke Realty’s new industrial building in Greenfield North Business Park, a 228-acre industrial campus in Garner, NC. The new building, which is currently under construction on 9.6 acres at 1000 North Greenfield Parkway, is slated for delivery in January 2016. Greenfield North Business Park is located southeast of Raleigh at the intersection of I-40 and U.S. 70.

Mattress Firm, a leading retailer of mattresses and bedding products, will use its space as a new distribution center serving the Triangle and eastern part of the state. Mattress Firm also leases space from Duke Realty in Minneapolis and Dallas.

“We are pleased to expand our relationship with Mattress Firm and to welcome them to our new building in Greenfield North,” said Sam O’Briant, Executive Vice President of Duke Realty’s East Region. “This new building will provide Mattress Firm with modern, first-class warehouse space in the area’s fastest growing industrial submarket, plus put them in a strategic location to efficiently serve its retail outlets.”

When complete, 1000 North Greenfield Parkway will feature 30′ minimum clear height, 50′ x 55′ column spacing, 31 ‒ 9′ x 10′ dock doors and two 12′ x 12′ drive-in doors. The building also will include 1,200-amp electrical service with 277/480-volt, 3-phase power and an ESFR sprinkler system. Surrounding the building will be 116 automobile parking spaces and a 130′ deep truck court.

A master-planned industrial campus, Greenfield North Business Park is home to several of the area’s leading companies, including the North Carolina Department of Transportation, Mohawk, Butterball and Golden State Foods. From its location at the interchange of I-40 and U.S.-70 and the proposed extension of I-540, Greenfield North offers superior access and visibility and is minutes from downtown Raleigh, RDU International Airport, the I-440 Beltline.

Jackson Rives of Cushman & Wakefield | Thalhimer, along with Mr. O’Briant, handled lease negotiations on behalf of Duke Realty.

Parties interested in leasing the remaining space in 1000 North Greenfield or in other leasing or development opportunities in Greenfield North Business Park are invited to contact Mr. Rives at 919.576.2692.

About Duke Realty

Duke Realty owns and manages more than 3.0 million square feet of industrial and medical office properties in the Raleigh metro area. The company’s office is located at 3005 Carrington Mill Boulevard, Suite 100, in Morrisville. The phone number is 919.461.8000.

On a nationwide basis, Duke Realty owns, maintains an interest in or has under development 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 is available at Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.