Company is Actively Researching Development and Acquisition Opportunities in Seattle
SEATTLE ‒ April 14, 2022 ‒ The Seattle office of Duke Realty (NYSE: DRE), the leading domestic-only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces the opening of a new Seattle headquarters office in the Georgetown neighborhood at 5628 Airport Way South. This relocation from the company’s previous office in Capitol Hill provides easy access to downtown and the company’s growing portfolio across Seattle submarkets.
“Duke Realty is actively investing in growing our Seattle portfolio and ensuring we have a significant and convenient presence is key to our success,” said Mark Hosfeld, vice president and market leader for Duke Realty’s Seattle operations. “Our new office is close to downtown while providing access to major thoroughfares, so we can easily commute to our industrial spaces in the city’s submarkets. Meantime, we are laser-focused on growing our footprint in the Pacific Northwest through acquisitions and development opportunities.”
Duke Realty’s four million square foot in-service portfolio in Seattle is 100 percent leased. The company recently announced the start of a 261,364-square-foot speculative development at 7409 South 202nd Street in Kent, Washington. The project is in Puget Sound’s submarket of North Kent, strategically located between the Ports of Tacoma and Seattle and in close proximity to the SeaTac International Airport. Duke Realty remediated the site in preparation for its development of a state-of-the-art facility built to LEED certification standards. The company expects to deliver the facility in early 2023.