MINNEAPOLIS—Duke Realty Corp. has just executed a long-term lease agreement with Intereum, Inc. for a 134,384 square foot office/warehouse facility on 13.78 acres that Duke owns at Waterford Ponds in suburban Plymouth. Intereum is based in Plymouth and supplies commercial office and healthcare furniture, floor coverings and related products to corporations and government agencies.
The Indianapolis-based Duke will begin construction on the building in May 2016, with Intereum relocating to its new facility in March 2017.
"In summer 2014, we began marketing our Waterford Ponds site for industrial use, rather than office," says Josh Budish, vice president of leasing and development for Duke in Minneapolis-St. Paul. "We believed it would be an excellent opportunity for industrial users looking for an in-fill location with excellent access and waterfront views."
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
