National logistics real estate company will move its operations into 78,000-square-foot, four-story office building in Keystone at the Crossing submarket.
Duke Realty Corporation (NYSE:DRE), the leading, domestic-focused logistics REIT (Real Estate Investment Trust) in the United States, announces that it will relocate its corporate headquarters into a custom-designed, four-story, 78,000-square-foot office building in the Keystone at the Crossing submarket. The Indianapolis-based company, which was founded in 1972 and today owns and operates more than 149 million square feet of logistics properties throughout the country, will move into its new facility in late 2019. The building, which will be known as 8711 at River North, is located in the River North at Keystone mixed-use development just east of the Fashion Mall.
“We are excited about our new headquarters and the advantages this new facility will bring our associates and our company,” said Jim Connor, Chairman and CEO. “By being the sole office tenant in the building, we will be able to showcase our brand, business and successes and ensure a design focused on connectivity and collaboration. Plus our new location will meet associates’ preference for a Northside location with convenient interstate access, and provide them with access to many walkable amenities.”
Duke Realty’s offices will occupy 73,000 square feet of space in the building, with the remaining 5,000 square feet of space to be occupied by a restaurant. Duke Realty’s offices will feature outdoor terraces and a patio overlooking a 25-acre scenic lake. A parking garage with both below-grade and street-level spaces also will be part of the building.
Duke Realty’s new headquarters building is being developed through a partnership with PK Partners, an Indianapolis-based real estate development and investment company. Duke Realty will construct the new building on a 2.9-acre site where a now-closed Champps restaurant was located.
The Indianapolis City-County Council and Metropolitan Development Commission approved plans and financing for Duke Realty’s new headquarters in June 2018. Demolition of the existing structure on the site is expected to begin immediately.
“Our new headquarters will be another milestone in Duke Realty’s nearly 46-year history in the Indianapolis area and one that will have a significant impact on associates and, accordingly, our future success,” added Connor. “We are pleased to return to the city of Indianapolis where our company first began and believe this facility will provide a vibrant, productive environment for our current operations and future growth.”
About Duke Realty
Duke Realty Corporation owns and operates approximately 150 million rentable square feet of industrial assets in 20 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.
