Boeing Selects Duke's Landmark Riverport Tower; Leasing Momentum Boosts Occupancy at Riverport Tower to 91 Percent.ST. LOUIS -- Duke Realty Corporation Tenant Finish Work on Fast-Track Schedule -- Occupancy Scheduled for September 1 Duke Realty Corporation announces that The Boeing Company has selected its landmark Riverport Tower office building in Maryland Heights to occupy 90,000 square feet. This new lease, combined with recent leasing activity at Riverport Tower, brings the Class "A" office building to 91 percent occupancy. Boeing required a real estate company capable of delivering a large block of office space in a short amount of time. "Boeing needed a large block of office space by September 1. There are few developers/landlords in St. Louis with the capability of such a quick turn around time," said Jerry Crylen, Duke's Senior Vice President of St. Louis Operations. "Using Duke's vertically integrated approach to provide real estate solutions, we will deliver the space in a very short 30 days. The typical build-out period is several months." Riverport Tower, 13736 Riverport Dr., is a 318,000-square-foot, polished red granite office building. Boeing will occupy three of the building's 11 stories. "Central to this new lease transaction was Riverport Tower's large, efficient floorplates. Boeing will be able to occupy only three floors as compared to perhaps four to five floors in other office buildings," said Crylen. Riverport Tower's Zuppa's restaurant, conference room with video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. capabilities, new health center and other amenities continue to attract the nation's top companies that have operations in St. Louis. In the past five months, Duke has leased 230,000 square feet of office space at Riverport Tower. Demand and leasing momentum has had a very positive effect on the Earth City/Riverport submarket in Maryland Heights. In addition to today's announcement of the 90,000-square-foot lease with Boeing, Duke has attracted other national companies to Riverport Tower in the past five months: --GMAC - 132,000 square feet --OCE USA - 6,700 square feet "Duke met the leasing challenges of large blocks of vacant space at Riverport Tower with a very successful outcome," said Crylen. "Given the incredible amount of demand we've seen in the past six months, we anticipate speedy occupancy of the remaining 22,500 square feet of space in the building." Duke's Mike Donovan There are different people named Mike Donovan:
CCIM Centro Cultural Islámico de México CCIM Client Component Installation Manager (Microsoft) CCIM Comité Consultatif pour l'Informatique Médicale CCIM Command Computer Input Multiplexer and Whitaker Varley worked with Mark Palmer Mark Palmer (born 1941) is the Vice Chairman of Freedom House and the Council for a Community of Democracies. He was the United States ambassador to Hungary, co-founder of the National Endowment for Democracy and of the Council for a Community of Democracies. of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. to attract Boeing to Riverport Tower for the long-term lease transaction. Riverport Business Park, a 500-acre office/entertainment park, is located five miles west of Lambert-St. Louis International Airport
Lambert-St. Louis International Airport (IATA: STL, ICAO: KSTL) is the primary airport for St. Louis, Missouri, United States and the surrounding area. and is situated along I-70, Missouri's most heavily traveled thoroughfare THOROUGHFARE. A street or way so open that one can go through and get out of it without returning. It differs from a cul de sac, (q.v.) which is open only at one end. 2. Whether a street which is not a thoroughfare is a highway, seems not fully settled. . Currently, Riverport encompasses more than 1 million square feet of commercial space that includes five Class "A" office buildings, three light industrial facilities and two office/warehouse facilities. Amenities at Riverport include a 176-room Holiday Inn Hotel with an adjoining restaurant/lounge, UMB (1) (Upper Memory Block) See UMA. (2) (Ultra Mobile Broadband) See 3GPP. 1. UMB - Upper Memory Block. 2. UMB - A university(?). Bank Pavilion and Harrah's Casino and Hotel. Also on the premises are a daycare facility and a service station/food mart for the convenience of the Riverport tenants. In the greater St. Louis Greater St. Louis is the informal name of the St. Louis Metropolitan Statistical Area, the 18th largest in the United States. Its population of 2,801,033 (as of 2007 according to the US Census Bureau) includes the independent City of St. Louis, St. area, Duke Realty Corporation owns, manages or has under development more than 7.8 million square feet of office and industrial properties, controls over 100 acres of land primed for future development and employs 64 real estate professionals. Duke Realty Corporation is one of the largest real estate companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with a total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. approaching $8 billion. The Company is a full-service commercial real estate company that owns, manages or has under development more than 109 million square feet of industrial, office and retail properties in 14 major U.S. cities. Duke, which controls 3,600 acres of undeveloped land that can support approximately 56 million square feet of future development, also provides nationwide real estate solutions through its national development and construction division. More information about Duke is available on the Internet: www.dukerealty.com For an updated list of available space from Duke, visit www.dukespacefinder.com |
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