PERRIS, Calif., June 2, 2015 /PRNewswire/ -- Ridge
Development, the industrial development arm of Transwestern
Development Co., today announces speculative construction has
commenced on the first building in a planned two-building project
owned and managed by Indianapolis-based Duke Realty Corp. (NYSE:
DRE). Duke Perris Logistics Center is located at 3300 – 3500 Indian
Ave. in Perris, California.
Scheduled for delivery in August
2015, Building II is a speculative, 783,407-square-foot
warehouse/distribution facility. Construction on the second
building, a planned 1,224,874-square-foot facility, will begin when
a tenant is secured or when market conditions are appropriate.
"We are very excited to begin work on Duke Perris Logistics
Center," said Dennis Rice, executive
vice president at Ridge Development. "As one of the many advantages
of the project, the Interstate 215 South location allows tenants to
quickly and efficiently service the entire Southern California region, a priority for
many of the businesses in our target market."
Located less than a mile from I-215, Building II offers a
36-foot clear height, ESFR fire protection system, 183 trailer
parking spaces and 276 vehicle parking spaces. Additionally, the
building includes 118 dock-high loading doors and will be
LEED® Certified. The I-215 South submarket is home to
many prominent companies including Amazon.com Inc., Home Depot
Inc., Lowe's Companies Inc., Whirlpool Corp., Hanesbrands Inc. and
Proctor & Gamble Co.
The buildings were designed by HerdmanRierson
architecture+design Inc., and Fullmer Construction is the general
contractor. Thomas Taylor,
Steven Bellitti and Summer Coulter of Colliers International are
providing leasing services.
ABOUT DUKE REALTY CORPORATION
Duke Realty Corporation
owns, maintains an interest in or has under development
approximately 141 million rentable square feet of industrial and
office assets, including medical office, in 22 major U.S.
metropolitan areas. Duke Realty Corporation 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
ABOUT RIDGE DEVELOPMENT
Ridge Development is the
industrial development arm of Transwestern Development Company, a
diversified real estate developer with expertise in all commercial
property types. Ridge Development is managed by the former
principals of Ridge Property Trust. Ridge Development specializes
in industrial development and investment in state-of-the-art
warehouse, distribution and manufacturing facilities throughout
the United States and Mexico. Based in Chicago, the venture serves North American
clients from six U.S. offices and one office in Monterrey, Mexico. The Transwestern
Development and Ridge Development teams have developed, constructed
and managed more than 138 million square feet of industrial and
distribution space.
Media Contact:
Stefanie
Lewis
713.272.1266
stefanie.lewis@transwestern.com
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SOURCE Ridge Development