Duke Realty : Begins Construction on 400,935 SF Cross-dock Industrial Facility in Moreno Valley

(Irvine, Calif. ‒ Aug. 15, 2016) The Southern California office of Duke Realty Corporation (Duke Realty), a leading nationwide REIT (Real Estate Investment Trust) specializing in the ownership, management and development of bulk industrial facilities, has begun construction of a 400,935-square-foot bulk warehouse at 15810 Heacock Street in Moreno Valley, Calif. The building, which is being developed on a speculative basis, is located just off the I-215 South Corridor in the Inland Empire East.

'When we began development and design of this building, we wanted to be sure that our facility would provide users optimum efficiency in product movement and distribution,' said Chris Burns, Senior Vice President of Duke Realty's California operations. 'We elected to design and build a cross-dock facility and incorporate features that will enhance product stacking and maneuverability. When complete, 15810 Heacock will be one of the few 36′ clear, cross-dock facilities of this size in the 475M-square-foot Inland Empire market.'

Construction on 15810 Heacock began in July, with delivery scheduled for March 2017. In addition to 36′ clear height, the building will feature 80 dock doors, a fully secured yard with the ability to store 87 additional trailers, 2.5% skylights and LED light fixtures. The building also is being designed and built for LEED certification.

15810 Heacock is the third building that Duke Realty currently has under construction in Southern California. The other two are a 201,027-square-foot speculative project located in the South Bay submarket that is also scheduled for delivery in early 2017 and a 1.2M-square-foot, build-to-suit project in nearby Perris, CA.

Duke Realty entered the Southern California market in 2011 and has steadily grown its portfolio to nearly 5 million square feet through acquisitions and development. Currently, the company's market portfolio is 100% leased.

Parties interested in preleasing 15810 Heacock or in other leasing or BTS opportunities with Duke Realty in Southern California are invited to contact Duke Realty at 949.797.7000.

About Duke Realty

Duke Realty Corporation specializes in the ownership, management and development of bulk distribution and medical office real estate. The company owns and operates approximately 137 million rentable square feet in 21 major U.S. metropolitan areas. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.

Duke Realty's West Region office is located at 300 Spectrum Center Drive, Suite 1450, Irvine, Calif., 92618. The phone number is 949.797.7000.