ADT Security Services—a provider of electronic security and monitoring systems—will soon move into Duke Realty’s 17-building Camp Creek Business Center located in the Atlanta Airport submarket. ADT recently signed a lease for 58,080 square feet that it plans on occupying in the first quarter of 2013.
Camp Creek Business Center is a 2.8 million-square-foot business park located in East Point, three miles west of Hartsfield-Jackson International Airport; the 454-acre site includes 17 buildings, one of which is the 212,940-square-foot, Class-A warehouse/distribution building at 4800 North Commerce Drive that will serve as both office and distribution center for ADT.
ADT’s space will feature 6,700 square feet of office space as well as 51,380 square feet of warehouse and distribution space, where the company will install material handling systems for parts used in its security products. ADT’s decision to occupy space at Camp Creek Business Center follows the company’s announcement in October that it had completed its spin-off from Tyco International to launch an independent public company.
“We’re pleased to provide ADT flexible, Class-A space to accommodate the company’s ongoing business growth,” said Chris Brown, senior vice president, Georgia Operations in Duke Realty’s Atlanta office. “Attracting another quality tenant such as ADT further validates Camp Creek Business Center as a corporate distribution and office environment and brings 4800 North Commerce Drive building to 100 percent occupancy.”
Brennan Investment Group, LLC is also showing interest in the Atlanta industrial market; the private real estate investment firm recently acquired a 364,000 square-foot, Class A industrial facility in Ball Ground, Ga., part of Atlanta’s Northwest Industrial submarket. The property, located at 1000 Evenflo Drive, is 100 percent leased to SMB Machinery Systems and Meyn America. The building also serves as the North American headquarters of Meyn—a global leader in the poultry processing solutions business, recently acquired by CTB, Inc., a wholly owned subsidiary of Berkshire Hathaway.
The company attributed the purchase to the belief that Atlanta remains an important industrial market, with over 605 million square feet, demonstrating its role as the transportation hub of the Southeastern United States.
Kevin Markwordt of Transwestern in Atlanta represented the seller in the transaction. No financial details have been disclosed.
Image of 4800 North Commerce Drive courtesy of Duke Realty