The tenant is taking 33,000 sf in Walnut Creek II, a 100,000-sf, 100%-leased building at Duke's 92-acre, planned 1.3 million sf Walnut Creek Business Park in Raleigh. SimplexGrinnell is also leasing 27,000 sf at Fairfield Distribution Center in Tampa; and 26,000 sf at Park 82 Business Park in Cleveland.
Simplex-Grinnell is paying an average $4.19 per sf at each of the three parks.
Brian Everett of Grubb and Ellis Co. negotiated for the tenant. Chris Norvell, Duke's senior leasing representative and Andrew Kelton, senior vice president, Raleigh operations, represented Duke.
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