Duke Realty’s Atlanta Team Accommodates Ashley Furniture Growth with Expansion and Lease Extension

National Retailer Moves to Larger Warehouse in Camp Creek Business Center

ATLANTA, Ga. – February 9, 2021 – The Atlanta office of Duke Realty (NYSE: DRE), the leading domestic-focused industrial-only property REIT (Real Estate Investment Trust) in the country, has secured a lease extension with current tenant Ashley Furniture Industries, LLC (Ashley Furniture) for a larger space in East Point near Hartsfield-Jackson International Airport. The national home goods retailer has occupied space in Duke Realty’s Camp Creek Business Center since 2016 and will move to a larger warehouse with 336,960 square feet of space in the same development park at 4505 North Commerce Drive.

“Duke Realty’s modern, well-located properties in the metro Atlanta area truly meet the needs of our customers – so much so, that Ashley Furniture didn’t have to search beyond our nearby properties to find a state-of-the-art space large enough to accommodate its growth,” said Wes Hardy, vice president of leasing and development for Duke Realty in Atlanta. “By building trusting relationships with our tenants, we anticipate their needs. In fact, as Ashley Furniture was looking to expand, another facility within the development park became available making for a smooth transition.”

“At Ashley Furniture, we are always looking for suitable space where we can easily move and store our inventory while meeting tight distribution deadlines and streamlining delivery to our customers,” said Jeff Maris, director of real estate at Ashley Furniture. “Four years ago, we found the space at Camp Creek Business Center and our needs were met. In 2020, as we experienced increased demand and company growth, Duke Realty was able to help us find additional space very quickly and with limited disruption.”

Duke Realty’s Camp Creek development in East Point is 98 percent leased. In all, Duke Realty boasts more than 13 million square feet of space in the Atlanta market and continues to expand its portfolio.

Parties interested in leasing and development opportunities with Duke Realty in the Atlanta metro area are invited to contact Hardy at 770.638.2522.

About Duke Realty

On a nationwide basis, Duke Realty owns, maintains an interest in or has under development approximately 159 million rentable square feet of industrial assets in 20 major U.S. logistics markets. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is a component of the S&P 500. More information about Duke Realty is available at www.dukerealty.com. Duke Realty also can be followed on Twitter, LinkedIn, Facebook and YouTube.