3/10/2008

Duke Realty acquires two Savannah industrial buildings

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Indianapolis, Ind.-based Duke Realty Corporation has increased its Savannah, Ga., holdings to 5.1 million square feet with the acquisition of Northpoint II and Northpoint III from locally-based Northpoint Industrial.

Northpoint II is a 285,000 square foot building located within the Crossroads Business Park near the Savannah/Hilton Head International Airport. It is currently leased to Laufen International, a building supplies wholesaler, and Excercera, a fitness products manufacturer.

Built in 2006, Northpoint III is a 504,000 square foot distribution center located within Interstate Centre. The building is fully leased to Oneida, a dinnerware importer.

Duke Realty recently sold a 176,820 square foot distribution facility in the Atlanta suburb of Suwanee to James Campbell Co. Duke was represented by Chris Riley, Brian Budnick and Frank Fallon of CB Richard Ellis.

Address: 1050 Godley Rd., Savannah, Ga.

Size: 789,000 square feet

Built: 2006

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Filed Under: Industrial

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