Duke Buys Lucent Campus for Estimated $33M

ATLANTA-In one of the largest local office-building acquisitions this year, Duke Realty Corp. has purchased the 300,820-sf Lucent Technologies campus in the 3,500-acre, mixed-use Windward community in North Fulton County, along with an adjoining 37-acre tract. The Indianapolis, IN-based developer plans to develop an office park on the extra acreage, according to a published report.

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.