INDIANAPOLIS, IN--(Marketwire - September 27, 2010) - Duke Realty Corporation (
The development at 3630 Peachtree is a mixed-use commercial and residential project. Duke Realty is a 50 percent owner (along with a partnership managed by Pope & Land Enterprises) of the project's commercial component, consisting of 436,000 square feet of office and retail space. Ownership of the residential component of the project has been transferred to the residential partners.
"We are pleased to have extended our loan with our existing lenders on competitive terms. We are nearly 30% leased, and our team continues to make great progress on this quality asset that will provide long term value in the Buckhead submarket," said Kerry Armstrong, Senior Vice President in Duke Realty's Atlanta Office.
About Duke Realty
Duke Realty owns and operates more than 134 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. Duke Realty is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke is available at www.dukerealty.com.
Contact Information:
Contact Information:
Media:
Jim Bremner
317.808.6920
jim.bremner@dukerealty.com
Investors:
Randy Henry
317.808.6060
randy.henry@dukerealty.com