{"id":1004311787,"date":"2019-03-28T06:35:01","date_gmt":"2019-03-28T14:35:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004311787"},"modified":"2019-03-28T06:35:01","modified_gmt":"2019-03-28T14:35:01","slug":"duke-realty-leases-industrial-asset-in-dfw","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/duke-realty-leases-industrial-asset-in-dfw\/","title":{"rendered":"Duke Realty Leases Industrial Asset in DFW"},"content":{"rendered":"<div id=\"attachment_1004311790\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004311790\" data-attachment-id=\"1004311790\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-leases-industrial-asset-in-dfw\/grand-lakes-4053\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Grand Lakes 4053\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Grand Lakes 4053&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg?w=640\" class=\"wp-image-1004311790 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg\" alt=\"Grand Lakes 4053\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/Grand-Lakes-4053-e1553688733308.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004311790\" class=\"wp-caption-text\">Grand Lakes 4053. Image courtesy of Yardi Matrix<\/p><\/div>\n<p>Duke Realty Corp. has signed a lease with Cherryman Industries for Grand Lakes 4053, a 189,200-square-foot warehouse in Grand Prairie, Texas. The sustainable office furniture manufacturer will use the industrial building for storage and distribution. CBRE represented the tenant in the transaction, while Duke Realty had in-house representation.<\/p>\n<p>The asset is in a State of Texas Enterprise Zone with Triple Freeport inventory tax-exempt status. Furthermore, the property is situated in the Great Southwest industrial submarket, which led the DFW industrial market in total absorption during 2018.<\/p>\n<p>Located at 4053 Grand Lakes Parkway, the Class A warehouse is roughly 13 miles from Dallas Love Field Airport. <em>\u201cIts location fronting Interstate 30 between Dallas and Fort Worth provides last mile access to a large portion of DFW\u2019s population of 7.3 million people,\u201d<\/em> said Jeff Thornton, Duke Realty\u2019s regional senior vice president, in a prepared statement.<\/p>\n<p>Grand Lakes 4053 is a front-load building featuring 32-foot clear height, 44 9 x 10-square-foot dock doors, 2 12 x 14-square-foot drive-in doors, 56 x 50-square-foot column spacing and a 185-foot truck court. According to Yardi Matrix data, the asset was built in 2018 on a 13.2-acre parcel and there are 112 automobile parking spaces and 44 trailer spaces on the premises.<\/p>\n<p>Krista Raymond and Dave Anderson with CBRE negotiated the lease on behalf of Cherryman Industries, while Randy Wood represented Duke Realty. Earlier this month, Duke Realty signed another <a href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-inks-ga-industrial-lease\/\">lease for a&nbsp;194,120-square-foot industrial asset<\/a> in Savannah.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cherryman Industries, a sustainable office furniture company, will use the 189,200-square-foot warehouse located in the Great Southwest industrial submarket for storage and distribution. <\/p>\n","protected":false},"author":870,"featured_media":1004311790,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21748,21742],"tags":[32789,33010,40584],"class_list":["post-1004311787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-industrial","category-latest","tag-cbre","tag-duke-realty-corporation","tag-jeff-thornton"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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