The 9.5-acre site is in the Interstate 85 corridor of Gwinnett County, 35 miles northeast of Downtown. The estimated hard construction cost of the five story, 135,533-sf building is $13 million.
The joint venture's first, Hillside I, a four-story, 103, 735-sf structure, was completed last June and is 100% leased by KMC Telecom. The telecom provider will also lease 51,825-sf on a long-term contract in Hillside II, a duplicate building to be completed in March.
The rental rate at the Huntcrest buildings is about $20.50 per sf. Hillside III will be about $21 per sf, Kerry Armstrong, senior vice president of Duke-Weeks Atlanta Office Group, tells GlobeSt.com.
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