Global logistics services provider signs build-to-suit lease for new building at Duke Realty development in East Point
(Atlanta, Ga. – May 24, 2012) Duke Realty Corporation’s (Duke Realty) Atlanta office announced today that it has executed a lease agreement with Kuehne + Nagel Inc., a unit of Swiss-based Kuehne + Nagel AG, one of the world’s leading logistics services providers.
Duke Realty will develop a 211,000-square foot, built-to-suit office and warehouse-distribution facility which will serve as Kuehne + Nagel Inc.’s southeastern headquarters. It will be located in Camp Creek Business Center, Duke Realty’s 400-acre, mixed-use business park, located at I-285 and Camp Creek Parkway, approximately three miles from Hartsfield-Jackson International Airport. Positioned at a major transportation hub, the Atlanta location serves as an integrated global logistics gateway for Kuehne + Nagel.
“Kuehne + Nagel’s expansion in Atlanta stems from the need for additional space to accommodate growth in demand for our company’s services. It also reflects the outstanding work that our logistics professionals have delivered, assisting our clients in navigating today’s challenging economic waters,” said Juergen Gentzke, Kuehne + Nagel’s Regional Vice President.
The company will more than double its square footage with the relocation in 2013. The new logistics center will feature bonded, class 3 warehousing space; consolidation and de-consolidation services; customs brokerage; and TSA security screening. It will also have a secure cage for high-value cargo; 1,000 square-foot temperature-controlled space to accommodate the requirements of the pharmaceutical industry; and special cargo equipment to handle oversized products, such as vehicles and engines.
“We are delighted to welcome Kuehne + Nagel Inc. to Camp Creek Business Center,” said Chris Brown, Senior Vice President of Duke Realty’s Georgia operations. “I am encouraged that a company of this quality has committed to move forward with such a dynamic project.”
Wes Hardy, Vice President, Leasing, represented Duke Realty in the transaction. Kuehne+ Nagel Inc. was represented by Bayne Porter of CBRE.
To be located at 4100 North Commerce Dr., near the main entry to Camp Creek Business Center, the project will house approximately 300 employees, most of who will be relocating from a current Kuehne + Nagel Inc. location in Forest Park. The estimated completion date of the project is 2nd quarter 2013.
About Kuehne + Nagel Inc.
Kuehne + Nagel Inc. is a business unit of Swiss-based Kuehne + Nagel AG, one of the world’s leading logistics services providers. With over 63,000 employees at more than 1000 locations in over 100 countries, its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. www.kuehne-nagel.com
About Duke Realty
Duke Realty is one of the Atlanta area’s largest commercial real estate companies, with nearly 10 million square feet of industrial, office and medical office space owned or managed. The company also owns and manages more than 7 million square feet of industrial space in Savannah. Duke Realty’s local offices are located at 3039 Premiere Parkway, Suite 100 in Duluth. For information about Duke Realty’s properties in Atlanta and Savannah, please call 770.717.3200 or visit www.dukerealty.com and look for “Spacefinder” on the home page.
Duke Realty Corporation owns and operates approximately 139 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty Corporation is available at www.dukerealty.com.