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Duke Realty Buying 12-Property Logistics Portfolio in CA, FL, NJ

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Duke Realty Corp. (NYSE: DRE) has agreed to acquire a 10-building, 3.4 million-square-foot industrial portfolio plus two development parcels in Southern California, Northern New Jersey and Florida from Chicago-based Bridge Development Partners, LLC. The transaction, which partially closed last week and expected to be completed before the end of the year, is valued at nearly $ 700 million. That includes $ 515 million for 10 existing properties, plus…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

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