The seven-year lease has an estimated value of $9.4 million.Area industrial rents are $8.75 per sf triple net to $11.75 persf.
The I-85 northeast corridor is a hot market for warehouse anddistribution space. Demand has spurred development of industrialfacilities. The Daewoo lease and strong leasing activity in thenortheast metro market has motivated Seefried to begin a new235,000-sf building in the Suwanee Creek industrial park. Occupancyis targeted for early 2001.
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