||United States : Duke Realty Begins Construction of 284,865 Sf Industrial Building in Fairfield
||The Cincinnati office of Duke Realty Corporation, the nations leading, domestic-only, pure-play industrial property REIT (Real Estate Investment Trust), has begun construction of Fairfield Logistics Center 7940, a 284,865-square-foot bulk warehouse in Fairfield just north of Cincinnati. The building, which is being developed on a speculative basis, is located on Seward Road near its intersection with Tylersville Road and just north of several Duke Realty industrial properties in the Cincinnati metro area, including Union Centre Industrial Park in West Chester. Fairfield Logistics Center 7940 will be accessible via multiple routes and is within five miles of both I-75 and I-275.
Fairfield Logistics Center 7940 offers users a rare opportunity to lease first-generation, modern warehouse space with excellent highway access in this high-demand market, said Dan Colletto, Vice President of Leasing and Development for Duke Realty in Cincinnati. With our existing portfolio at or near 100 percent occupancy, we felt it was important to bring to market new, first-class speculative space so that we would be well-positioned to meet the needs of customers with immediate requirements.
Leasing activity has been extremely strong in the Cincinnati metro area because of its central location, making it ideal for distributors looking to reach a majority of the U.S. population within a one-day drive, said John Gartner III, Senior Vice President with Colliers and the listing broker for the building. And with demand by consumers for increasingly quick deliveries, Fairfield Logistics Center 7940 is a great choice as a last-mile delivery facility due to its location in the TriCounty submarket and highway accessibility.
Duke Realtys new building in Fairfield is slated for delivery in the fourth quarter of this year. The building, which is being built on a recently acquired 22.8-acre parcel, will feature 32 clear height, 53 dock doors, two drive-in doors and LED lighting. Outside of the building will be a 130 truck court and 67 trailer and 275 automobile parking spaces, with expansion capabilities of up to an additional 220 parking spots for cars. Fairfield Logistics Center 7940 will increase Duke Realtys industrial portfolio in the Tri-County submarket to 19 totaling more than 6.1 million square feet, all of which are 100 percent leased.
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