Capital Transactions - Duke Realty

Investing in Our Future

Acquisitions and dispositions are critical in helping Duke Realty grow and strengthen our portfolio over time. We invest in properties that align with our goals, quality specifications, and return targets.

Acquisition Differentiators

Discretionary capital that does not require external approvals allows for quick decisions
$1.2 billion line of credit provides immediate liquidity for transactions
Disposition pipeline generates cash for reinvestment
Vertically integrated company allows for quick due diligence led by in-house experts
Experienced transaction team that has completed $5 billion in transactions in the last 24 months
Strong reputation for consistent execution

Preferred Asset Specifics

Type: Class A or Class B
Location: Infill locations and strategic submarkets
Investment type: Core, core plus or value add
Deal size: $10+ million
Complementary logistics assets: Truck terminals, air freight, drop yards, multi-storage, cold storage

Target Markets

Over the next four years, we plan to continue growing our presence in key Tier 1 logistics markets by allocating capital to growth regions across the country.

Recent Acquisitions

Bridge Portfolio – New Jersey, Southern California, and South Florida

12 industrial buildings in high-barrier Tier 1 markets
4.28 million SF
$692 million acquisition
Class A buildings; 49% leased when acquired, now 100% leased + two new buildings under development for Q4 2018 delivery
1031 Exchange with healthcare portfolio disposition; differing $340 million of taxable gain

Countyline Corporate Park – South Florida

3 industrial buildings in high-barrier Tier 1 market
1,059,238 SF
$180 million acquisition
Former landfill site
100% leased with average remaining lease term of 12.5 years; 81% leased to publicly traded companies
Closed within 10 days of PSA; quick due diligence turnaround by Duke Realty team

500 & 700 Burning Tree Road – Southern California

2 industrial buildings
119,431 SF
$23.2 million acquisition
30’+ clear heights, oversized yards, above-market, dock-high positions
Ideal “last mile” locations; within 5 mile-radius of 200,000 households
Haleakala Ranch Company (seller) was looking for a 1031 replacement property which Duke Realty accommodated by selling Aspen Grove 416 in Nashville