X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

ATLANTA-Dugan Realty LLC, a joint venture between Duke Realty Corp. of Indianapolis and JP Morgan of New York, plans to break ground in December on a 192,600-sf build-to-suit warehouse and distribution center for Genera Corp. The La Palma, CA-based company is a wholesaler of imported auto replacement parts. Completion of the project within the 123-million-sf Horizon Park, Gwinnett County, is scheduled for July 2006.

A Duke representative declined to disclose the estimated development cost of the project. However, area construction sources tell GlobeSt.com the center will probably be built at a hard construction cost of about $40 per sf or a total $8 million.

Genera currently leases 85,000 sf at the 410 Horizon building. Duke Construction is the construction manager for Dugan Realty. The fast-track, seven-month construction strategy will utilize tilt-up panel and glass construction; and feature a 34-foot clear height ceiling, 20 dock doors and one drive-in door, high-tech environmental systems and surface parking.

The project will be built on 10.2 acres which will leave about 23 acres for future development, says Sam O’Briant, Duke’s senior vice president in the company’s Atlanta industrial division. “Genera initially considered a smaller building, but the company’s growth projections dictated that a larger building would be more economical,” O’Briant says. Another factor was Duke’s experience in developing a similar-sized building for Genera in metro Chicago.

Horizon Park has developed about 123 million sf in the Interstate 85-Northeast submarket, metro Atlanta’s largest industrial and distribution corridor.

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?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.