The lease is one of the largest in metro Atlanta this year, area industrial brokers tell GlobeSt.com. The renewal also keeps occupancy at the seven-building, 11-year-old park at 100%. Westport, CT-based Allianz of America Inc. owns Midland Industrial Park, part of its 3.5-million-sf portfolio of institutional-grade office and industrial product in the metro area.
Bombay has operated its regional distribution center from the park since 1994. Bombay senior vice president Don Roach says the center services 100 stores in the Southeast. The publicly traded company, which began operations in New Orleans in the late 1970s, has annual average revenue of $596 million from its 450 stores in the US and Canada, according to the company.
Bryan Heller, a project leasing manager at Atlanta-based Transwestern Commercial Services, represented Allianz. Bombay negotiated for itself.
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