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Duke Parks 500,000 SF of Office With Peloton

DALLAS-Duke's local shop out-sources leasing for the first time, signing Peloton Real Estate Partners to fill its nearly empty class A and value office buildings in three suburbs.

By Connie Gore | Updated on September 11, 2008

DALLAS-In a first for its local office, Duke Realty Corp. has out-sourced leasing for nearly 500,000 sf of class A and value office space in three Dallas-area suburbs. Scoring the win is Peloton Real Estate Partners, landing a standard one-year contract as backfill for a gap that opened up about six weeks ago.

Jeff Thornton, senior vice president of Duke’s Dallas operations, says interviews began first with professionals to replace its 3.5-year leasing director, Blair Oden, who jumped to CB Richard Ellis to become managing director of institutional business. The search was expanded to include firms that could work with Duke’s other office leasing broker, Ben Appleby.

“We interviewed a lot of people and groups. It became pretty apparent that Peloton would be a great fit for us,” Thornton tells GlobeSt.com. “We really bought into their system of leasing buildings and treating people in an ethical way and putting customer service first. It was almost like looking in a mirror.”

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