Dallas, Texas- Our Net Lease Properties news comes from the Great State of Texas today. We see that Samsung Electronics has agreed to lease an additional 130,002 square feet in Point West VII. This net lease investment is an industrial building Duke Realty owns in Coppell. Coppell is approximately 12 miles north of the Dallas - Fort Worth International Airport (DFW) at E Airfield Dr, Dallas, Texas. This net lease property already has 261,025 square feet leased to Samsung since late in 2009.
The net lease property, Point West VII, is located just off I-635 at Belt Line Road. The Net Leased Property has provided Samsung with the transportation options it was looking for in its distribution strategy. This net lease property is considered an industrial leasing opportunity for Samsung. This accessibility, along with Point West VII’s Foreign Trade Zone status, and features that this net lease property provides, has afforded Samsung some advantages that other locations could not offer.
This Net Lease Property is already having a build-out of the space underway, and Samsung will begin moving into the space in very soon. This Investment Property, Point West VII, is at 240 Dividend Drive. This Investment Property being leased is Samsung Mobile’s largest cell phone distribution facility in the United States. Samsung has seen demand for its products grow recently. Samsung seems very pleased with Point West VII and Duke Realty’s willingness to work with them on expansion needs.
Duke Realty Corporation has developed and owns the net lease property. This Net Lease Property Owner has a winning combination of a modern, well-located building and a Company who is willing to work with Tenants on their needs. This is a good reason that the net lease property is now 100 percent leased.
Duke Realty employs more than 60 associates and owns, manages, or has under development more than 15 million square feet of office and industrial properties in their Investment Property Portfolio. Duke Realty is headquartered in the greater Dallas/Fort Worth area. Duke Realty also controls 200 acres of land for future development in the market. On a nationwide basis, Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index.
We see a growing demand for multifamily apartment buildings and net lease properties to be acquired for a 1031 Tax Deferred Exchange. A 1031 tax deferred exchange (1031 Exchange) is an excellent tool available to owners of commercial real estate investments. Retail Shopping Centers and Triple Net Lease Properties are an ideal debt replacement Vehicle for Investors using a 1031 tax deferred exchange.
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