CRG has sold The Cubes at DuPont, a 1.6 million-square-foot industrial park located in DuPont, Wash., to Duke Realty. The sales price was $221 million.
CRG developed the project in 2018 as a joint venture partnership with U.S. Logistics Fund I (USLF I), the firm’s national build-to-core industrial fund vehicle.
The Cubes at DuPont industrial park includes three buildings: a 747,488-square-foot speculative warehouse that was fully leased to Kimberly-Clark in 2019, a redeveloped 340,000-square-foot building which underwent extensive capital improvements, and a 494,900-square-foot speculative warehouse available for immediate occupancy.
As a redevelopment of the former Intel Campus at the DuPont Corporate Center at 2800 Center Drive, The Cubes at DuPont required demolition of 600,000 square feet of office once Intel vacated the campus. The strategic location meets today’s enhanced logistics needs with immediate proximity to Interstate 5 and travel times of les
