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…
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