Duke Realty Corp. said it will only develop LEED-certified facilities starting in 2020.
The move follows the industrial real estate investment trust's announcement in late 2019 of a $400 million green bond to fund future or refinance recently completed eligible green projects.
The U.S. Green Building Council awards LEED certification to building projects that satisfy the highest performance standards and that have been designed and developed using environmentally responsible strategies.
Separately, Duke Realty signed a long-term lease with Distribution Management Inc. whereby the imaging supplies distributor will occupy the REIT's 375,200-square-foot Premier 370 Business Park 1001 warehouse in St. Peters, Mo.
Following the transaction, all five buildings developed by the REIT in the Premier 370 Business Park are fully leased. The project has roughly 80 acres of land still available for development or sale.
Colliers was the listing agent for the property. Newmark Knight Frank and Newmark Grubb Zimmer represented Distribution Management in their lease.