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ATLANTA-Duke Realty Corp. has signed Mitsubishi Digital Electronics America Inc. to 265,000 sf of industrial distribution space at Park 85 at Braselton, in the city’s Northeast submarket. The lease brings the building at 625 Braselton Parkway near Interstate 85 to full occupancy, totaling a million sf.

Chris Brown, Duke Realty’s senior vice president in Atlanta, says Mitsubishi will use its Park 85 space as a distribution and repair center for televisions and other electronics. The company will relocate in July from another local distribution facility with roughly the same amount of space, he says.

“The modern configuration of our building helped win the deal for us,” Brown tells GlobeSt.com. He adds that Park 85 offers improved clear heights for trucks to pull in and out of the distribution center, along with other state-of-the-art capabilities.

Brown observes that while other major users of industrial space are looking at the Atlanta market, the number of prospects is down somewhat over the last six months. He believes space demands are pending corporate expansion decisions, in which executives are awaiting a clearer economic picture before moving ahead with expansions and relocations.

“We are getting some calls now,” Brown says. “As long as the economy shows signs of improving, there should be some movement later this year or in early 2009.”

Studley Inc. represented Mitsubishi in lease negotiations, with Ted Haley of the Atlanta office working with Demetri Koutrouvelis, Laurent Myers and Adam Singer of the Washington, DC, regional office. Brian Sutton, Duke Realty VP of industrial leasing, represented Park 85.

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