On April 1, HCA’s TriStar Health System announced that it had assumed full ownership of the former Emory Eastside Medical Center and renamed it Eastside Medical Center. Next, the first phase of a $12 million Emergency Department expansion was completed on April 18.
DUKE REALTY NEWS
Duke Realty Corporation’s (Duke Realty) Orlando office has been selected to develop three buildings in Central and North Florida: a 1-story, 73,000-square foot office/warehouse/laboratory facility in Crystal River, a 4-story, 133,000-square foot office building in Orlando, and a 2-story, 48,000-square foot office building in Jacksonville.
The U.S. General Services Administration has selected the development team of General Capital Group and Duke Realty Corporation (Duke Realty) to build a 2-story, 48,000-square foot Class A office building in Jacksonville.
First-year member Art Makris earned two prestigious honors by the Society of Industrial and Office Realtors (SIOR) in 2011. He received the 2011 Rookie award and another one, to boot: Largest Dollar Volume Transaction for an Industrial Space. Makris earned his awards for a cooperative transaction worth approximately $65 million.
Duke Realty Corporation (Duke Realty) has purchased a 329,396-square foot distribution building at Westport Business Park in Savannah from Stratford Land, a Dallas-based investment management company.
During tough economic times, the first reaction of many companies is to cut spending, which often means cutting marketing. That’s because marketing often is considered an unnecessary expense, especially when “nobody’s leasing space anyway.”
3630 Peachtree, a joint venture of Duke Realty and Pope & Land Enterprises, Inc., has leased 3,988 square feet of space to Branch Banking & Trust (BB&T) for a branch bank on the first floor of the building and 16,812 square feet on the second floor to BB&T’s wealth management division and Scott & Stringfellow, BB&T’s regional brokerage and investment banking division.
Duke Realty Corporation (Duke Realty) has finalized an 800,000-square foot lease renewal with Wal-Mart Stores at Crossroads Business Center in Savannah. Bentonville, Ark.-based Wal-Mart has occupied the entire 150 Portside Court building at Crossroads since 2001.
Duke Realty Corporation (Duke Realty) has closed two leases in Atlanta’s North Fulton submarket: a 25,925-square foot lease with ThyssenKrupp IT Services and a 27,644-square foot lease with TitleMax.
Duke Realty’s Walnut Creek Industrial Park in Raleigh was recognized by the Southern Region TOBY Awards as Top Industrial Park of the Year in 2011. Nancy Lowery is the park’s property manager.