Duke-Weeks sold or contributed to the existing venture $459million of industrial property and $30 million of undeveloped land.J.P. Morgan Investment contributed $43 million of industrialproperties.
The assets include 129 buildings totaling 21.8 million sf inseven markets. Also in the package are 300 acres of undevelopedland with an estimated development potential more than 5 millionadditional sf.
The deal comprises 17 properties in the metro area totaling 2.57million sf and 58 acres of undeveloped land with a developmentpotential of 800,000 sf. Atlanta is Duke-Weeks' third largestmarket ranked by percent of annual net effective rent.
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