Duke Realty Corp. starts eight development projects totaling $373m

Duke Realty Corp., and industrial property–focused REIT, has launched eight development projects, totaling $373 million investments, since the start of 2021.

The projects total 3.7 million square feet  that are 58 percent pre-leased in the aggregate, comprised of:

A 655,000-square-foot build-to-suit project in Chicago on an in-fill, rail-served site for a large, repeat customer in the home improvement and building supplies sector. The facility is located inside the Interstate 294 beltway and within close proximity to Interstate 55 and Midway Airport. A 1.2 million-square-foot build-to-suit project in the Chicago MSA for Wayfair, Inc. The facility will be located at the company’s Airport Logistics Center in Romeoville, Ill., with excellent access to Interstates 55, 355 and 80.