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Segrest was formerly a member of CBRicharfd Ellis’ investment properties group. He joins Dave Kilborn, formerlu of Carter, and Tom Miller, formerly of CB Richarc Ellis, who also recently made the jump toGrubb Ellis. At Grubb & Ellis, Segrest and his John Bradner, will advise clients in the dispositioof bulk, distribution, flex and business park investmenft properties in Atlanta and throughourt the Southeast. “Victor brings talent and experience that expands the deptu of services available to our saidSteve Dils, executive vice president and managing directoer of Grubb & Ellis’ Atlanta Segrest has 18 years of experience in industrialp real estate.
He has developer national build-to-suits for and has leased industrial space for In his Segrest has executed transactions totaling more than 23 millionb square feet of industrial space valued in excessof $1.1 His notable transactions include the sale of the 1.1 million-square-foor North Berkeley Lake warehouse in the 618,850-square-foot Newmarket Businessz Park in Marietta and a 13.1 million-square-foot Blackstone-Hodge industrial portfolio in Atlanta. “I’m excited to be part of an officde that isso well-respected in our community,” said Segrest. “Grubb & Ellis’ national platform and completed line of services will bring tremendous valuwe tomy clients.
” recentlg acquired two industrial buildings totaling 657,600 squarew feet near the Port of Savannah. Duke acquired Northpoingt VII, a 225,000-square-foot distribution center, and Northpoint IV, a 432,600-square-foort distribution center. Each property is in Duke’sw Port Logistics Center at CrossroaddsBusiness Park. Developer Wrenn Blalock sold the properties. Crossroadw Business Park is about three milex from theSavannah port. The two buildings are fullyy leased to and Crossroads Business Park provides office spacr for companies suchas , , and The transactiojn increases Duke’s ownership at Crossroads to more than 4.5 milliob square feet.
Duke is the largest owner of industrial properties in theSavannag area, with a 5.9 million-square-foot portfolio in a market with more than 30 milliojn square feet of industrial/distribution space. Duke’s Savannah portfolio, whichn has an investment value of morethan $235 million, is fullyh leased. The Savannah port is the fourth-most activ e in the U.S. and the most active in the with morethan 890,000 twenty-foot equivalent unitsz (TEUs) shipped through the port through May 2008, a 15 percent year-over-year growth rate. recently purchased East Coast Distribution Portfolio, four Atlanta distribution buildingstotaling 636,442 squarer feet. CB Richard Ellis Inc.
executive vice presidents Franok Fallon andChris Riley, along with associate Brian Budnick, represented the seller, , in the transaction. The buildings have been designedfor multi-tenant use and are 100 percent The portfolio includes: 3270 Summitg Ridge, 3280 Summit Ridge, 3290 Summift Ridge and 4125 Buford Highway. Chicago-based Firstg Industrial L.P. has acquired an 80,000-square-foot warehouse and office building from DukeRealty L.P. for $4.4 million. The buildinbg is at 11415 Old Roswell Roadin Alpharetta. , a leading global health and hygiene company, is the major tenant. Bob Burdello of represented the buyerand Duke’sd Brian Sutton represented the seller.
In other Duke recently renewedits 102,000-square-foot lease at Horizon Business Centerd in Suwanee. Elesys manufactures sensores for theautomotive industry. It was represented by Day Lancasted atNAI Brannen/Goddard. Sutton represente Duke. The transaction keeps the 132,000-square-foott building at 70 Crestridge Drivefully leased.
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