Ophthalmic lens provider will use 169,476-square-foot building for product distribution
Dallas, TX – January 22, 2012 – (RealEstateRama) — The Dallas office of Duke Realty Corporation (Duke Realty) today announced that Essilor of America, the leading manufacturer of optical lenses in the United States, has leased Waters Ridge II, a 169,476-square-foot industrial building in Lewisville. The facility will be used as a distribution center by Essilor, an international company with its U.S. headquarters in the Dallas-Ft. Worth metropolitan area.
“Essilor is a fast growing company that needed a distribution facility with more warehouse space than it currently has,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “Waters Ridge II is a freestanding, single-tenant property with modern, highly functional warehouse space. This feature, along with the overall size of the building and its close proximity to Essilor of America’s headquarters, made this facility perfect for their needs.”
“Waters Ridge II is a high-quality building with an ideal allocation of warehouse and office space,” said Michael De La Vega, Vice President of Real Estate with Essilor. “The building meets all of our real estate requirements, and Duke Realty has been professional and responsive to our needs and has worked closely with us in preparing the building for our immediate occupancy.”
One of Essilor’s requirements for Waters Ridge II is that the warehouse be 100 percent climate controlled. Duke Realty’s in-house construction team is completing the tenant finish work prior to Essilor’s January 2013 move-in date.
“Duke Realty had the right product available for Essilor and the ability to meet the quick time frame for move-in,” said Jean Russo, Senior Director with Cushman & Wakefield in Dallas. “The Duke Realty Dallas team is a group of experienced professionals who are willing to go the extra mile to ensure customer satisfaction.”
Ms. Russo represented Essilor in the transaction, while Curt Hefner, Vice President, Leasing, represented Duke Realty.
Located at 501 East Corporate Drive in Lewisville, Waters Ridge II features 30′ clear height, 40′ x 50′ column spacing with 60′ at the staging bays, 12 dock doors and one drive-up ramp.
About Duke Realty
In the Dallas-Fort Worth area, Duke Realty owns, manages, or has under development nearly 16 million square feet of industrial and healthcare properties and has strategic land positions available for future development. Duke Realty’s local offices are located at 14241 N. Dallas Parkway, Suite 1000.
On a nationwide basis, Duke Realty owns and operates approximately 142 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation 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.
About Essilor
Essilor is the leading manufacturer of optical lenses in the United States and is the market leader in progressive, high-index and anti-reflective coated lenses. A pioneer in the development and production of ophthalmic lenses, Essilor employs more than 9,000 people throughout North America. Essilor manufactures optical lenses under the Varilux®, Crizal®, Xperio®, DEFINITY®, Thin&Lite® and other Essilor brand names. Essilor Laboratories of America (ELOA) is the largest, and most trusted, optical lab network in the U.S. and offers a wide choice of services and lens brands, including Essilor premium lenses, to eyecare professionals across the nation. Essilor of America, Inc. (Essilor) is a subsidiary of Paris-based Essilor International, a publicly held company traded on the Euronext Paris stock exchange (Reuters: ESSI.PA).
