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December 18, 2018
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Duke Realty Corp Underway with Two Inland Empire Industrial Projects

6/19/18

Duke Realty Corporation is currently developing two new warehouse developments in the Inland Empire East submarket. The projects, which total 897.9k sf, will bring the company’s total industrial portfolio in the market to more than 10 msf.

24960 San Michele Rd, Moreno Valley
24960 San Michele Rd, Moreno Valley
One of the projects is a 241.2k sf industrial building at 24960 San Michele in Moreno Valley, while the other is a 656.7k sf warehouse at 4323 Indian Ave in Perris. Shortly after construction began on the building at the Moreno Valley project, ResMed, a manufacturer of CPAP masks, machines and other products related to sleep-disordered breathing, signed a full building lease for the property.

Construction on Duke Realty’s building in Perris is underway with completion scheduled for December of this year. In addition to offering more than 650k sf of space, the building will include 36' clear height, LED lighting, 56' x 60' bay spacing, 98 dock doors and 4 drive-thru doors. Outside the building will be parking for 154 automobiles and 278 trailers. The building is designed and is being built for LEED® certification. Currently, the facility is available for lease.

Duke Realty entered the Southern California market in 2011 and, since that time, has grown its portfolio through development and acquisitions to include more than 30 well-located, Class-A bulk distribution properties.

“Vacancy in the Inland Empire East continues to be low, especially for buildings in the 600,000-750,000-square-foot range, and new construction is limited,” said Chris Burns, Senior Vice President of Duke Realty’s Southern California operations. “Our new spec building on Indian Ave will provide a large block of modern, well-located space in this high-demand market.” According to CBRE, the Inland Empire market totals 511 msf and has a current vacancy rate of 3.6%.





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