Duke Boosts Total Investment in SoCal Market to $2B
December 16, 2020
By: Dennis Kaiser
Duke Realty Corporation reports current investment activity in SoCal totals more than $225 million, including a build-to-suit last mile facility, two speculative developments and the pre-leasing of a project currently under construction. The projects are located in Cypress, Irwindale, Rancho Cucamonga and Los Angeles and encompasses roughly 1.1 million square feet.
Duke Realty’s Chris Burns says, “Duke Realty clients want modern and conveniently located industrial and logistics facilities — the closer to consumers, major trucking thoroughfares and shipping ports the better. Our development pipeline is aligned with the current activity in the e-commerce industry where demand for distribution space continues to increase.”
• A 146,000-square-foot build-to-suit facility at 6450 Katella Ave. in Cypress, pre-leased to an unnamed global e-commerce retailer, work entails re-purposing of a former office headquarters campus.
• A 528,710-square-foot speculative development boasting more than $2 million in Smart Building features at 13131 Los Angeles St. in Irwindale.
• A 120,609-square-foot speculative development at 10415 8th St. in Rancho Cucamonga, (pictured) and
• A 290,303-square-foot facility under construction at 13344 S. Main St. in Los Angeles, pre-leased to an undisclosed major regional beverage distributor.