(Seattle, WA – January 14, 2020) Duke Realty (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, has named Mark Hosfeld, Vice President and Market Leader for the company’s Seattle operations. In his new position, Mr. Hosfeld will be responsible for leasing the company’s existing logistics properties in the Seattle metro area, as well as identifying new development and construction opportunities. In addition, he will pursue and evaluate investments, focusing on land, building acquisitions and build-to-suit and multi-tenant development opportunities.
A 22-year associate of Duke Realty, Mr. Hosfeld has been instrumental in growing the company’s presence in Indianapolis, where he has been directly responsible for the development of more than 30 million square feet of logistics space near Indianapolis International Airport and off I-65 between Indianapolis and Chicago.
“Mark has been one of our most successful leasing and development associates, working closely with many of today’s leading businesses to find the best logistics space for their operations whether it’s a build-to-suit or occupying space in one of our existing assets. He also has been creative in finding and securing the best land positions and working with local officials on zoning and incentives,” said Steve Schnur, Executive Vice President and Chief Operating Officer. “Mark’s expertise and track record make him the perfect person to lead our efforts in growing our Seattle logistics portfolio.”
Mr. Hosfeld joined Duke Realty in 1998 as a Leasing Representative in Cincinnati. At the end of 2000, he relocated to Indianapolis and was promoted to Vice President of Leasing and Development in 2014, overseeing a more than 16 million-square-foot portfolio and a 500-acre joint venture. Mark has been highly successful in the Indianapolis market, which has earned him inclusion in the company’s Masters Club five times and Salesperson of the Year twice.
Mr. Hosfeld can be contacted at 317.289.4554.
About Duke Realty
Duke Realty’s Seattle portfolio is part of its Northwest Region which totals 4.3 million square feet and includes logistics properties in Northern California. Currently Duke Realty operates its Seattle portfolio out of its office located at 1111 Broadway, 3rd Floor, Oakland, CA 94607. Drew Hess is the Regional Senior Vice President and can be contacted at 415.408.8175.
On a national basis, Duke Realty Corporation owns and operates approximately 155 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services.