The Minneapolis-St. Paul office of Duke Realty Corporation has executed lease agreements and renewals totaling 405,903 square feet of industrial real estate space of its more than 5-million-square-foot portfolio in the Twin Cities metropolitan area during the last six months.
“Our new and renewal lease activity continues to remain strong, which has helped us achieve a 98 percent occupancy rate percent,” said Josh Budish, vice president of Duke Realty’s Minneapolis-St. Paul operations. “In the second and third quarters of the year, we entered into renewal, new and expansion lease agreements — reaffirming our investment in state-of-the-art logistics real estate.”
My Pillow, Inc. currently located at Duke Realty’s Gateway South 2101 in Shakopee, Minnesota, has renewed its lease with Duke Realty and plans to expand its footprint within the facility.
All Integrated Solutions, an industrial tool and fastener supplier, has entered into a long-term lease for 52,797 square feet of space at Arbor Lakes Business Park, a Duke Realty master-planned, four-building, 1- million-square-foot project.
HD Supply and Heritage Landscape Supply Group have each entered into lease agreements for industrial space at Duke Realty’s Silver Bell Commons in Eagan, Minnesota, with convenient access to Highway 13 and close proximity to the Minneapolis-St. Paul airport. HD Supply will occupy 67,326 square feet and Heritage Landscape Supply Group will occupy 16,030 square feet.
TransAmerican Strukturoc, Inc., a wall panel manufacturer, has renewed its lease agreement with Duke Realty at 920 Apollo Road in Eagan, Minnesota, for 50,114 square feet of space.
Duke Realty worked with Bryan VanHoof, Jeff Przytarski and Dan Swartz at CBRE Group, Steve Nilsson and Joe Owen at Colliers International, Jeff Minea at Lee & Associates, Brian Netz at Newmark Knight Frank and Kris Smeltzer at Cushman & Wakefield to secure these lease agreements.
