"The [industrial] market in metro Atlanta is better than lastyear, and last year was better than the year before," Duke brokerBrian Sutton tells GlobeSt.com. Sutton represented Duke in thetransaction. Blaine Kelley of CB Richard Ellis Inc. negotiated forMinneapolis-based Best Buy.
The estimated aggregate value of the deal is $2.7 million. Theaverage asking base rent range is $3 to $5 per sf. Other HorizonPark tenants include ITT/Flygt, OKI, Visible Genetics and FisherScientific. Duke Realty's metro area portfolio totals 15.5 millionsf of office, industrial and retail product.
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