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Duke Realty to develop build-to-suit distribution facility

Sep. 15, 2016 3:01 PM ETPrologis, Inc. (PLD) StockBy: Stephen Alpher, SA News Editor
  • The company has inked a long-term lease agreement for a 1.435M square-foot facility with Floor & Decor, an Atlanta-based company operating retail stores offering flooring, counters, sinks, and related accessories.
  • Construction of the building - located about 10 miles from the Port of Savannah - is set to begin in November, with Floor & Decor relocating to the new facility in early 2018.
  • Floor & Decor has been a customer of Duke Realty (NYSE:DRE) for several years.

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