ThyssenKrupp to establish its North American IT headquarters and TitleMax will move into expanded space at Alpharetta locations.
(Atlanta, GA – May 9, 2011) 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.
ThyssenKrupp IT Services, a division of Essen, Germany-based materials and technology conglomerate ThyssenKrupp Group, will base its IT headquarters at Duke Realty’s 147,195-square foot NorthWinds One office building. TitleMax, a Savannah, Ga.-based title lending company, will relocate into expanded space at Duke Realty’s 133,390-square foot Brookside One office building.
ThyssenKrupp will create 110 jobs at its new headquarters, while TitleMax anticipates expanding operations in the long term. “Duke Realty is very pleased that these leases at two of our buildings will accommodate business growth and additional jobs for metro Atlanta,” said Chris Brown, senior vice president in Duke Realty’s Atlanta office.
ThyssenKrupp will take occupancy at NorthWinds One on May 1. The headquarters will provide IT services for all of the company’s North American operations, including ThyssenKrupp Elevators USA, which is also headquartered at NorthWinds Center in Alpharetta, and the company’s steel, stainless steel, materials services, marine systems and component technology divisions.
“ThyssenKrupp carefully researched the location for our IT headquarters and a number of factors moved Alpharetta to the top of the list, including access to skilled IT workers,” said Robert Trotter, president of ThyssenKrupp IT Services. “Alpharetta has made a strong investment in its IT infrastructure. This is some of the most wired infrastructure in the country for high-speed data.”
High-tech jobs at ThyssenKrupp’s IT headquarters will include network engineers, data center managers, help desk support and project managers. The six-story NorthWinds One office building, located at 2475 Northwinds Parkway in Alpharetta, is part of a 259-acre site that includes two hotels, four banks and nine restaurants.
“With this lease transaction, Duke Realty is proud to continue our relationship with ThyssenKrupp, a widely respected international brand,” said Brown.
Wes Hardy represented Duke Realty in the lease transaction, while Sam Pruitt of Site Selection Group’s Dallas office and Michelle Galvani, a vice president at Wildmor Realty, represented ThyssenKrupp.
At Brookside One, TitleMax will have an additional 14,587 square feet of space for its title business. The company, which will occupy the building beginning on September 1, will relocate from Duke Realty’s nearby Preston Ridge IV building. “We anticipate expanding operations and adding jobs in this expanded space at some point in the future, but not in the short term,” said Clay Collins, real estate manager for TitleMax.
“Duke Realty is pleased that Brookside One will accommodate TitleMax’s growing business,” said Brown. “This transaction shows the power of Duke Realty’s North Fulton office portfolio by allowing a client to move from one of our buildings to another.”
Brookside One is a five-story, Class A office building located at 3625 Brookside Parkway in Alpharetta, strategically located less than one mile from GA 400 and nearby North Point Mall.
Wes Hardy represented Duke Realty in the lease transaction and Preston Menning, a senior associate at Carter Real Estate, represented TitleMax.
About Duke Realty
Duke Realty 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 is available at www.dukerealty.com.