RALEIGH, NC — The Raleigh/Washington, DC office of Duke Realty Corporation (Duke Realty), a domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announced that it is building Greenfield North 1201, a new, speculative, 165,921 s/f bulk warehouse. Located in Garner just south of Raleigh, Greenfield North 1201 will be the eighth industrial building owned and operated by Duke Realty in Greenfield North Business Park. All of Duke Realty’s other buildings in the park are currently 100% leased. Construction on Greenfield North 1201 will begin immediately with completion scheduled for July 2020.
“Raleigh remains a strong industrial market for Duke Realty, and Greenfield North Business Park continues to be an attractive destination for businesses looking for high-quality warehouse/distribution space in a central location with superior highway access,” said Battista Orcino, vice president of leasing and development for Duke Realty in Raleigh. “Since all of our Greenfield North properties are fully leased, we elected to start a speculative building so that we can be positioned to respond to clients with immediate space needs.”