Duke Realty Corp. on Wednesday reported a smaller profit on less revenue in the first quarter, but its results still met or exceeded analyst expectations.
The Indianapolis-based real estate developer turned a profit to end 2015 after reporting a loss in the fourth quarter of the previous year.
The Indianapolis-based real estate developer reported strong earnings on higher occupancy and growth in rents.
Indianapolis-based Duke announced the massive sale Wednesday at the same time it released a quarterly financial report that mostly met analyst expectations
The retailer has finalized a contract for state incentives on the 1.1 million-square-foot project, pledging to hire 303 workers by the end of 2015.
The real estate developer of commercial properties posted increases due to higher occupancy and growth in rents.
Several sprawling distribution centers have been built, or are under construction, to ship directly to consumers.
The speculative building totaling more than 930,000 square feet will be constructed at the developers’ AllPoints Midwest industrial park.