Duke Realty Leases 263,625 Square Feet to Anna’s Linens
Space in Point West VI will serve as company’s regional distribution hub
Dallas, Tex. – October 8, 2013 – (RealEstateRama) — The Dallas office of Duke Realty Corporation (Duke Realty) announced today that Anna’s Linens, a retailer of home textiles and home decor items, has leased 263,625 square feet in its Point West VI building, a 1,079,475-square-foot industrial building in Coppell, Tex. Anna’s Linens will use the space in Point West VI as a regional distribution center.
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“We are pleased to welcome Anna’s Linens as a Duke Realty customer and to Point West VI,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “In addition to a great location just off I-635 at Belt Line Road and in close proximity to DFW Airport, Point West VI will provide Anna’s Linens with the office and warehouse space they need to efficiently warehouse and distribute their products.”
“The Dallas market is a key hub for Anna’s Linens, and we look forward to partnering with Duke Realty on our latest distribution center. We are committed to leveraging the strategic position of Point West VI to service approximately 100 retail locations through the South,” said Scott Gladstone, President of Anna’s Linens.
With more than 300 stores in 19 states, it is critical for us to leverage industry best practices to support a nimble and strategic logistics network,” added Gladstone. “Our ongoing investments in supply chain technology and infrastructure have enabled us to support a growing portfolio of stores while building the foundation for the future.”
“Point West VI’s accessibility, along with financial incentives, such as Triple Freeport Inventory Tax Exemption, helped differentiate Point West VI from other available properties,” said Randy Wood, Duke Realty’s Vice President of Leasing in Dallas. “Point West VI is ideally located and provides the flexibility, capacity, and modern design that will support Anna’s Linens’ distribution goals.”
Anna’s Linens’ lease brings Point West VI to 100 percent occupancy. Located at 400 Dividend in Coppell, the building features 32’ minimum ceiling clear heights, 50’ x 50’ column spacing with 60’ staging bays.
Studley representatves T. Holden Rushing in Houston and Jeff Cannon in California represented Anna’s Linens in the transaction. Wood represented Duke Realty.
About Duke Realty
In the greater Dallas/Fort Worth area, Duke Realty Corporation employs more than 50 associates and owns, manages, or has under development more than 16 million square feet of office and industrial properties. Duke also controls 200 acres of land for future development in the market.
On a nationwide basis, Duke Realty owns and operates approximately 148 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.