Duke Realty’s Atlanta Team Leases 1.5M SF and Adds Three New Logistics Facilities in First Half of 2019
The Atlanta office of Duke Realty (NYSE: DRE), the leading domestic-focused industrial-only property REIT (Real Estate Investment Trust) in the country, is off to a strong start in 2019, leasing 1.5 million square feet of space and adding to its portfolio with three new logistics facilities totaling more than 1.2 million square feet. With the exception of two recently delivered buildings, Duke Realty’s 13 million-square-foot industrial portfolio in the Atlanta metro area is 93.5 percent occupied.
“Duke Realty continues to grow its Atlanta metro portfolio with modern, well-located properties which, in turn, align with the needs of companies looking for efficiency-enhancing warehouse and distribution space in this high-demand market,” said Wes Hardy, Vice President of Leasing and Development for Duke in Atlanta. “In addition to the attractive attributes of our properties, our local team is extremely knowledgeable and in tune with today’s users’ space needs, which has been instrumental in our success in matching clients with the right space. We’re in an excellent position to meet future tenants’ needs as well thanks to our inventory of attractive land sites which currently will support an additional 3.0 million square feet of new development.”
Since the beginning of the year, Duke Realty has signed renewals with four existing tenants totaling 83,868 square feet. New leases have been signed with six new tenants, as well as one with an existing tenant for additional space, for a total of 1,453,740 square feet.
Duke Realty’s new Atlanta-area logistics buildings include a 589,680-square-foot building at 1380 Jesse Cronic Road in Braselton which was placed in service in January, and a 193,440-square-foot building at 4900 N. Commerce Drive in its Camp Creek development in East Point which delivered in February and is 50 percent leased. A 499,250-square-foot, build-to-suit warehouse for HWC Logistics is under construction at 2929 Roosevelt Highway in College Park.
Parties interested in leasing and development opportunities with Duke Realty in the Atlanta metro area are invited to contact Wes Hardy, Vice President of Leasing and Development, at 770.638.2522.
About Duke Realty
In the Atlanta metro area, Duke Realty owns and operates more than 13 million square feet of industrial properties. Its local office is at 3715 Davinci Court, Suite 300, Peachtree Corners, GA 30092.
On a nationwide basis, Duke Realty Corporation owns and operates approximately 158 million rentable square feet of industrial assets in 20 key U.S. logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P 500. The company maintains a Baa1 rating from Moody’s Investor Service and a BBB+ rating from Standard & Poor’s Financial Services. More information about Duke Realty Corporation is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.