Regions Southeast | Atlanta
Federal Aviation Leases 98,000 SF at Duke’s Camp Creek Business Center
Oct 28, 2008
By: Elena Gontar, Staff Writer

Duke Realty Corp. has leased a nearly 98,000-square-foot office building at Camp Creek Business Center, located three miles west of Hartsfield Jackson International Airport in Atlanta, to the Federal Aviation Administration.
 
The facility, located at 1500 Centre Parkway, will accommodate approximately 400 Federal Aviation employees in multiple departments.  The company plans to occupy the building in early 2009.

The FAA lease brings Camp Creek Business Center’s office space, which totals 375,000 square feet, to 94 percent leased.  

This latest deal represents the third significant transaction with government-related entities in the past 12 months.  Earlier this year, Duke completed a 47,000-square-foot build-to-suit for the Department of Homeland Security and renewed a 34,000-square-foot lease with the Federal Bureau of Prisons, both Government Services Administration transactions.

 “We are pleased to have attracted the FAA to Camp Creek Business Center,” Chris Brown, Duke senior vice president said in a release.  “Camp Creek’s unique combination of airport and interstate access and proximity to high-quality amenities provides a great corporate environment for office users.”

Corey Richardson of Duke Realty represented ownership in the transaction.


 
Recent Atlanta Headlines
Atlanta Office Market Survives 2008 with Positive Absorption
Despite the poor fourth quarter results and bleak economic news, Atlanta’s office market ended 2008 with positive absorption of 391,300 square feet--but that's down more than 2.4 million square feet from the 2.9 million absorbed in 2007, according to figures from Atlanta-based Richard Bowers & Co.
Lenox Park Post Continues $360M Disposition Plan with Atlanta M-F Sale
In its third quarter earnings report issued last month, Post Properties Inc. noted that it would sell six assets with the hope of pocketing approximately $360 million, and with today's news of the disposition of Post Lenox Park in Atlanta, the company has one down, five more to go.