ADVA Leases 67,000 SF at First Industrial Park

ATLANTA-ADVA Optical Networking has signed a 67,000-square-foot lease at First Industrial Realty Trust’s Northeast Interstate 85 Industrial Park. The 10-year lease has a value of more than $12 million, says Chris Miller, senior marketing and leasing manager for First Industrial’s Atlanta region.

“ADVA had been in their single-tenant building one street over from our park for about 10 or more years and had looked at possibly renewing and renovating that space,” Miller tells GlobeSt.com. “We were able to give them more of a campus environment at Northeast I-85.”

In the past four months, First Industrial has increased its occupancy at the 170,000-square-foot park from zero to 75%. The three-building campus was originally created for Icon Office Solutions in 1991, but the company vacated as of August 2007. In June, GlobeSt.com reported that the REIT signed Atlanta-based Suniva Inc. to occupy 60,000 square feet at 5775 Peachtree Industrial Blvd. within the park. The solar cell developer has opened its first large manufacturing facility at the site.