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
Local Contacts
Jeff Behm
SVP, Acquisitions & Dispositions
Mark Crawford
Paul Jones
Carl DeLuca
VP, Dispositions & JV Management