Search
 

Duke Exits Market With 2M-SF Portfolio Sale

CLEVELAND-Chicago-based First Industrial Realty Trust Inc. picks up the remainder of Duke Realty Corp.'s local assets. The portfolio consists of 10 buildings totaling 1.8 million sf.

By Dana Dubriwny | Updated on July 25, 2006

(To read more on the industrial market, click here.)

CLEVELAND-Duke Realty Corp. has completed the sale of its remaining 1.8-million-sf industrial portfolio located in the Greater Cleveland area. Chicago-based First Industrial Realty Trust Inc. purchased the 10-building portfolio.

Including the recent sale of a 458,000-sf industrial asset, this disposition completes the industrial portion of the company’s previously announced exit strategy in the market. The nine remaining buildings are located in the Emerald Valley Business Park, Glenwillow; the Solon Business Park, Solon; and Strongsville Business Park, Strongsville. The company now plans to market its 2.2-million-sf suburban office portfolio and undeveloped land holdings.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.