INDIANAPOLIS AND PRINCETON, N.J. — Indianapolis-based Duke Realty Corp. and Princeton-based CB Richard Ellis Realty Trust have entered into a joint venture that will acquire up to $800 million in industrial properties over the next 3 years. The joint venture will focus on newly developed, build-to-suit, bulk industrial projects. It has targeted six properties, totaling 5.2 million square feet and valued at approximately $250 million, for acquisition this year. The venture will acquire additional Duke build-to-suit, bulk industrial properties over the next 3 years as the projects are completed. Duke will receive asset management, property management, construction management, development and leasing fees in connection with services provided. The venture plans to hold onto the properties as long-term investments.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter

Webinars on Demand

Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties