Duke Realty Closes Four Industrial Leases Totaling 365,180 SF
Pinnacle Data Systems, Century Fire Protection, AVI-SPL and Anixter commit to space in Duke Realty properties in Atlanta’s northeast submarket.
Duke Realty Corp. (Duke Realty) announced that it has closed four leases totaling 365,180 square feet at business parks in the northeast submarket of Atlanta, including a 72,274-square-foot lease with Pinnacle Data Systems at Horizon Business Center in Suwanee, Ga., a 68,400-square-foot lease with Century Fire Protection at Meadowbrook in Duluth, Ga., and an 18,806-square-foot lease with AVI-SPL at the Business Park at Sugarloaf in Duluth, Ga. In addition, Anixter Inc. has signed a 205,700-square-foot renewal at Horizon Business Center.
“Duke Realty is pleased to accommodate the business needs of these four successful businesses,” said Chris Brown, Senior Vice President, Georgia Operations in Duke Realty’s Atlanta office. “Anixter and Century Fire Protection have been valued tenants for many years, and we’re glad to retain both companies. We also welcome Pinnacle Data Systems and AVI-SPL Holdings to our portfolio and look forward to providing them with flexible, high-quality space to accommodate their continued growth.”
Pinnacle Data Systems, a Birmingham, Ala.-based provider of business-critical documents for Fortune 500 companies and other businesses nationwide, will move from its current space in the Gwinnett Park business complex into 72,274 square feet at Horizon Business Center, a 3.4-million-square-foot, Class-A industrial park located off I-85 in Suwannee, Ga. Significant tenant improvements will be made to accommodate air conditioning, printing and power needs.
Brian Sutton, Vice President, Industrial Leasing, in Duke Realty’s Atlanta office, represented ownership and Nathan Anderson, Managing Director, and Darren Butler, Senior Vice President, in NAI Global’s Atlanta office represented Pinnacle Data Systems.
As part of a consolidation of its Georgia operations, Duluth, Ga.-based Century Fire Protection, a provider of sprinkler systems and fire protection services, will move from two Atlanta-area locations – a corporate headquarters and services center at Duke Realty’s nearby Pinebrook business park and another office location in Duluth – into the stand-alone 68,400-square-foot warehouse and distribution building located at 2450 Meadowbrook Parkway. The move will increase Century Fire Protection’s footprint in Georgia by 40,000 square feet. The company plans to move into the Meadowbrook building in first-quarter 2013.
Duke Realty’s Brian Sutton represented ownership, and Chris Irby, Vice President, Industrial Services, at CBRE represented Century Fire Protection.
AVI-SPL, the world’s leading video communications partner, has signed an 18,806-square-foot lease at 3079 Premiere Parkway, a 101,600-square-foot building at the Business Park at Sugarloaf in Duluth. With the lease signing, the building is 100 percent occupied. AVI-SPL, which is relocating from a nearby facility in Duluth, will occupy the space in the first quarter of 2013. Duke Realty’s Brian Sutton represented ownership in the transaction, and Lara Sieder and Jimmy Garvey of CLW Real Estate Services Group represented AVI-SPL.
Anixter Inc., a Chicago-based provider of communication products, signed a 205,700-square-foot lease renewal at 250 Horizon Drive, a 267,600-square-foot distribution building in Horizon Business Center. The company has occupied the Duke Realty-owned building since it opened in May 1998. Best Buy occupies the remaining 61,600 square feet in the building. Duke Realty’s Brian Sutton represented ownership and NAI Global’s Nathan Anderson and Darren Butler represented Anixter.
About Duke Realty
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 Anixter Inc.
Based in Chicago, Anixter, www.anixter.com, is a leading global supplier of communications and security products, electrical and electronic wire and cable, fasteners and other small components. Anixter helps its customers specify solutions and make informed purchasing decisions around technologies, applications and relevant standards. Throughout the world, Anixter provides innovative supply chain management solutions to reduce customers' total cost of production and implementation.
As the world’s leading video communications partner, AVI-SPL designs, builds and supports the systems and environments that enable communication and collaboration. AVI-SPL has highly-trained and certified system engineers throughout its nearly 40 offices across the United States, Mexico, Canada, the United Kingdom and Dubai. Visit www.avispl.com for more information or connect with AVI-SPL on Twitter, Facebook, LinkedIn and Pinterest.
About Century Fire Protection
Based in Duluth, Ga., and with operations across the Southeast, Century Fire Protection, www.centuryfp.com, offers complete fire protection systems designed and built by its certified, engineers. In addition to its quality fire protection systems, Century Fire Protection provides ongoing inspections and services to ensure smooth running of the complete system. Century Fire Protection’s in-house fire protection services include: design, fabrication, installation, and inspections and services.
About Pinnacle Data Systems
Birmingham, Ala.-based Pinnacle Data Systems, www.pinnacledatasystems.com, provides highly effective delivery of business critical documents for many Fortune 500 utility, financial services, trust, healthcare, insurance and collection companies. The company’s service, equipment and technology collaborate to deliver and host millions of envelopes and web documents annually.