Duke Realty Corp.’s Chicago office has announced that it has acquired two, fully leased industrial buildings in Carol Stream, totaling 436,222 square feet. The addition of these properties increases Duke Realty’s total industrial portfolio in the Chicago area to more than 9.5 million square feet and more than 108 million square feet nationwide.
“The acquisition of these two industrial properties in the Northern DuPage County submarket is consistent with Duke Realty’s strategy to increase its investment in industrial assets in strong distribution markets,” said Steve Schnur, senior vice president, Chicago operations. “These properties increase our holdings in a key Chicago submarket and make an excellent addition to our local portfolio.”
The building located at 720 Center Ave. is a 360,684-square-foot building and is 100 percent leased to Peacock Engineering, a food packaging company. The 75,538-square-foot building at 189–199 Easy St. is leased by Chicago Title Co., a real estate services provider.
Mike Caprile, Ted Staszak and Stephanie Park with CBRE represented the seller in the transaction.