Duke officials couldn't be reached at GlobeSt.com's publication deadline. But area brokers familiar with Windward real estate tell GlobeSt.com on condition of anonymity the four-story, 171,176-sf 800 North Point building and the three-story, 129,644-sf 900 North Point building probably sold for $100 per sf or a total $30 million. The 37-acre tract, part of the deal, had an estimated sale price of $80,000 per acre ($1.84 per sf) or about $3 million, brokers tell GlobeSt.com.

Lucent Inc. will occupy the two buildings on a 10-year lease, according to the report. The acquisition expands Duke's holdings in North Fulton to 960,000 sf of class A office product, area brokers tell GlobeSt.com.

Windward was created by Mobil Land Development Co. in the late 1970s when the area emerged as a popular site for upper-income residential development. Brokers say it took about 20 years for commercial development to follow residential. The opening of the 1.2-million-sf North Point regional mall in late 1993 spawned a surge of commercial development, primarily retail and low-rise and mid-rise office buildings.

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