Duke Realty increases Georgia holdings

July 29, 2008

Duke Realty Corp. said today it has acquired a warehouse in Savannah, Ga., bringing its leased warehouse space in the port community to 5.3 million square feet.

The purchase of the 176,000-square-foot warehouse was disclosed today as Duke announced second-quarter investment activity.

The Indianapolis-based real estate investment trust said it logged $232.5 million in new developments and acquisitions in the quarter and sold $102.4 million worth.

"We are pleased that we continue to find solid development opportunities even in a slowing economy," CEO Denny Oklak said in a statement.

Duke has been accumulating property in the port, which is the fourth-largest in the nation.

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