Duke Realty Signs Two Leases Totaling 274,085 SF in its Recently Delivered Industrial Building in Tampa

10/9/17

The Central Florida office of Duke Realty Corporation, a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of quality industrial facilities, announces that it has signed two leases totaling 274,085 square feet in Tampa Regional Industrial Park 13111, a 337,447-square-foot building it delivered in May. The building, which is the first of several planned buildings in Tampa Regional Industrial Park (TRIP), is located at 13111 Bay Industrial Drive. Tampa Regional Industrial Park, also known by its acronym TRIP, is located south of Tampa at the northeast corner of Big Bend Road and U.S. 41, with direct access to I-75 and only 12 miles south of I-4.

A joint venture between Siemens Corporation and Chromalloy Gas Turbine Corporation has signed a long-term lease for 210,723 square feet which will be used by Advanced Airfoil Components, a company that will support manufacturing and producing components to maximize gas turbine performance.

Ralph’s Transfer, a cargo and freight transportation company, has leased 63,362 square feet

“We are pleased to welcome these two companies to Tampa Regional Industrial Park and excited about the ongoing interest we have in the park,” said Ed Mitchell, Senior Vice President of Duke Realty’s Florida region. “Warehouse/distribution users are finding TRIP an attractive option because it offers new, state-of-the-art industrial space close to I-75 and I-4, as well as proximity to a strong base of workers.”

Rick Narkiewicz with Newmark Grubb Knight Frank represented Siemens in its lease, as well as served as the listing broker for the building. Ralph’s Transfer was represented by Julia Rettig with Cushman and Wakefield. Tim Perry, Vice President of Leasing, represented Duke Realty in both transactions.

In addition to the 63,362 square feet still available for lease in TRIP 13111, acreage remains in the park for the development of two 442,910-square-foot buildings. Parties interested in leasing the remaining space in TRIP 13111 or in prelease or build-to-suit opportunities in TRIP are invited to call Tim Perry with Duke Realty at 407.241.0030.

About Duke Realty

In the Central Florida cities of Tampa and Orlando, Duke Realty owns and manages 3.8 million square feet of industrial properties. Its office is located at 5323 Millenia Lakes Boulevard, Suite 220 in Orlando. The phone number is 407.241.0000.

On a nationwide basis Duke Realty Corporation owns and operates approximately 138 million rentable square feet of industrial assets in 21 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services.More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.

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