(Atlanta, GA – June 24, 2013) Duke Realty Corp. (Duke Realty) announced today that North Bay Distribution Inc., a third-party logistics provider, has signed a 120,600-square-foot lease at Liberty Distribution Center in Henry County. California-based North Bay Distribution will provide logistics services for a multi-billion dollar fashion retailer at the facility, which is located at 120 Declaration Drive in McDonough, Ga.
The lease marks North Bay’s entry into the Atlanta distribution market, and the Southeast U.S. represents the second-fastest growing consumer market in the world for the retailer.
North Bay will create 20 new jobs when it moves into the distribution facility July 1. Wes Hardy, Vice President in Duke Realty’s Atlanta office, represented owner Duke Realty in the transaction. Mike Spears, Senior Vice President, and Ryan Sawyer, Assistant Vice President, of Colliers International represented North Bay.
“With its prime location off Interstate 75, Liberty Distribution Center provides North Bay excellent access to Atlanta and other Southeast markets,” said Chris Brown, Senior Vice President of Georgia Operations in Duke Realty’s Atlanta office. “This deal highlights the strength of Duke Realty’s team, as we were able to accommodate North Bay’s projected business growth while accomplishing an aggressive requirement for its initial move-in date.”
With the lease signing, the 301,200-square-foot distribution facility at 120 Declaration Drive is 100 percent leased. The building features 30-foot clear ceiling heights, dock-high truck doors, and ESFR sprinkler systems.
About Duke Realty
Duke Realty owns and operates approximately 143 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty 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 is available at www.dukerealty.com.