Combining Strength, Vision and Experience in Brownfield Redevelopment
Duke Realty Corporation, the largest publicly traded, vertically integrated office/industrial real estate company in the United States, and Hemisphere Development LLC, widely recognized as one of the nation’s most creative and experienced brownfield redevelopment firms, have teamed to jointly pursue the acquisition, remediation and development of brownfield sites.
Duke specializes in the ownership, construction, development, leasing and management of office, industrial, and health care real estate. The company owns, manages, or has under development more than 144 million rentable square feet in 24 major U.S. cities. Duke, which controls more than 7,100 acres of land for more than 107 million square feet of future development, also provides nationwide real estate solutions through its national development division. As a company, Duke is honored to include on its roster of clients nearly 70% of Fortune’s Top 100 Companies. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index.
Quite literally, Hemisphere’s principals “wrote the book” on successful brownfield transactions — Brownfields: A Comprehensive Guide to Redeveloping Contaminated Property, one of the American Bar Association's best-selling environmental publications. This 1,100-page treatise delivers cutting-edge approaches to all legal, business, financial and scientific aspects of the brownfield redevelopment process. Hemisphere delivers that expertise to every redevelopment it undertakes, prompting Harvard’s Graduate School of Design to designate Hemisphere’s largest deal as “one of the most visionary and innovative redevelopment projects in the United States.”
By joining forces, the Duke/Hemisphere team will bring unparalleled depth, resources and expertise to commercial and industrial brownfield redevelopment opportunities meeting our investment criteria.
Collaborative Approaches To Complex Brownfield Projects
In today’s challenging business world, working with all stakeholders toward a common goal is often the key to success. Finding the right partner who possesses the combination of creativity, resources and expertise necessary to tackle the most complex brownfield redevelopment projects can be a daunting challenge.
Specialists in complex collaboration, the Duke/Hemisphere team integrates the nation’s leading development experts, lawyers, financial analysts, environmental professionals, planners, architects, construction teams and public affairs professionals, with the sole mission of successfully redeveloping complicated brownfield sites.
Combining exhaustive analytics with practical know-how, our team adds value every step of the way. Through our brownfield redevelopment work with companies including General Motors, Health Now (the parent company of Blue Cross/Blue Shield), Tierra Solutions, Inc./Maxus Energy, LTV Steel, and Brush/Wellman, our team has a long-track record of success in transforming community blight into community assets.
Environmental Stewardship
Creating Green Jobs On Sustainable Redevelopments
Remediating and redeveloping a community’s most distressed brownfield properties renews our pledge to ensure a better world for future generations. Our development strategy includes a constant analysis of methodologies to create harmony between our developments and the environment. Recognized by Engineering News Record as one of the Top 50 Green Contractors in the nation, Duke will continue to utilize its green building expertise on each project in the Duke/Hemisphere portfolio.
