The Real Deal Miami

Duke begins closings on Premier’s real estate

January 27, 2011 04:14PM

Duke Realty has closed on around two-thirds of the 56 real estate assets it acquired from Premier Commercial Realty in a $450 million deal announced late last month, and the deeds are revealing more about the inner workings of the deal. Thus far, the largest price tag has been $88.8 million, which Duke paid for the 1.3-million-square-foot Atlantic Business Center in Pompano Beach. The site is that of the former Pompano Park racetrack, and is the largest of the Premier office parks that Duke will take over. Duke will have added a total of 4.9 million square feet of industrial and office space to its portfolio when the deals with Premier are all completed. [SFBJ]