Industrial sector remains strong, study shows - Atlanta Business Chronicle:

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Nonetheless, the market continueed to grow during thesecond quarter, with more tenants movinvg into space than moving out, according to Scott director of research for Even better, Amosonh said, year-to-date absorption levels for 2007 are similar to 2006 indicating the market is poiseds for another strong full-year performance. About 5 millio square feet has been filled sinces the beginning ofthe year. If all goes as 2007 will mark the fourth consecutives year that Atlanta industrial absorptiojn will exceed 12 millionsquare feet. At the same time, overallp vacancy, up slightly to 11.
5 percent, is expected to drop to 11 percentf by the end ofthe year, the first time sinc e 2005 the rate has been so low, Amosonj said. The slight current bump in the vacancgy rate is actually much lowerthan feared, he adding that observers worried that record industrial constructio over the past 18 months would push the vacancgy rate even higher. Average rental rates have remainede relatively stagnant over thepast year. DUKE Duke Realty Corp. has leased more than 400,0090 square feet of Atlantw industrial and distribution space in five recent At Technology Center of Georgia in Dukesubleased 155,620 square feet to Wheelerzs Inc.
, a manufacturer and distributodr of wood doors, windows and trusses. Charlie Keown of represented Wheelers, while Ben Logue and Price Weavedr of Colliers Spectrum Cauble represented At Duke's Horizon Business Center in Foam Tee Products renewed and expanded for a totakl of 50,350 square feet at 410 Horizon Drive. Randy Hoye of representee foamed plastic products manufacturerFoam Tec, while Duke's Brian Sutton represented his company.
In Henry County, at Duke'sz Liberty Distribution Center, Austrian plastics manufacturer Alpla leased 90,600 square feet and third-partyu warehouse services company Warehouse Basicsa leased 75,000 square feet at 120 Declaration Ray Stache and Jamew Phillpott of represented Alpla, while the Warehousde Basics deal was negotiated directluy with the tenant. Duke's Chris Brown representedc ownership inboth transactions. at Duke's Camp Creek Business Center in East MailExpressleased 42,480 square feet at Buildingy C. The company is the first tenant forBuildingh C, a 70,960-square-foot distribution center.
Bill Kilborn and Carl Mullis of representexd MailExpress while Brownrepresented ownership. AIRPORT GATEWAY has purchasedthe 246,200-square-foot Atlanta Airport Gateway from for $16. million, according to Databank Inc.