This is the largest of $33 million in properties sold by Duke during this year's third quarter, the company says in a prepared statement. Although Duke says the property is 84% leased, the developer refused to disclose the purchase price.
The anchor tenant is Des Plaines, IL-based United Stationers. The asking rental rate for class-A distribution facilities in this area outside Atlanta is between $5.65 per sf and $5.90 per sf, according to GlobeSt.com research.
United Stationers is a wholesaler of computer equipment and office products. It has 65 distribution centers in 31 states.
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