ATLANTA-Duke-Weeks Realty Corp., best known in the metro area for its industrial development, is pursuing the office market here. After entering the hot Alpharetta/North Fulton submarket in 1999, the Indianapolis, IN-based firm has begun another third spec office building in the same area, 25 miles north of Downtown.

Construction is under way on Northmeadow Service Center II, a spec single-story office building in the 208-acre, 1.8 million-sf Northmeadow mixed-use park along the GA 400 corridor. The building, being developed at an estimated hard construction cost of $11 million, is scheduled for completion by early summer 2001. Average area rents are $18.50 per sf to $22 per sf.

Duke-Weeks owns most of the buildings in Northmeadow. The park includes single-story office, office/showroom and distribution facilities. With the completion of Service Center II, 15 acres remain for development. The continued strength of the market, which currently has a vacancy rate of 7.7%, prompted the company to start the new project.

Duke-Weeks also has under construction in the area, Brookside Two, a 133,000-sf spec office building in the Alpharetta/North Fulton submarket. Begun this past June, the building will be completed in March 2001. Rental rates are listed at $21 per sf. The firm began Brookside Two after its Brookside One project leased up quickly. The five-story, 133,000-sf office building is currently 90% leased. Both are located in the 198-acre Brookside office park.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.