Leica Geosystems Selects Duke Realty to Consolidate U.S. Headquarters in Technology Park.NORCROSS, Ga. -- Duke Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. purchases and redevelops building to suit Leica Geosystems Leica Geosystems (formerly known as Wild Heerbrugg or just Wild) based in eastern Switzerland produces products and systems for surveying and geographical measurement (geomatics). 10-year plan Duke Realty of Atlanta today announced that it has been chosen by Leica Geosystems to develop its U.S. headquarters in Technology Park in Norcross. Leica Geosystems will occupy 80,000 square feet of a building Duke Realty purchased and will redevelop re·de·vel·op v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops v.tr. 1. To develop (something) again. 2. for the geospatial information technology firm. The term of the lease is 10 years. "Leica Geosystems came to us with very specific location and building design requirements to consolidate its Atlanta operations into one national headquarters facility," said Kerry Armstrong, Senior Vice President of Duke Realty Corporation's Atlanta Office Group. "By combining our purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. with our integrated development and construction capabilities, we were able to move quickly to provide Leica Geosystems with a flexible and cost-effective solution." Duke and Leica Geosystems have a long-standing relationship that began in 1992 with a 4,000 square foot lease at Druid Druid Member of a learned class of priests, teachers, and judges among the ancient Celtic peoples. The Druids instructed young men, oversaw sacrifices, judged quarrels, and decreed penalties; they were exempt from warfare and paid no tribute. Chase that grew to over 48,000 square feet. When Leica Geosystems approached Duke about its need to expand, Duke searched for the best solution. "Duke Realty's ability to acquire an existing building in the location required by the client and to customize the facility into a national headquarters was a highly innovative and efficient solution for Leica," said Sam Friedman, Chairman of AFCO AFCO Automatic Fuel Cutoff AFCO Armed Forces Career Office AFCO Air Force Cryptologic Office AFCO Australian Federation of Consumers Organisations AFCO Air Fuel Cutoff AFCO Automotive Fluid Connectors Operations AFCO Aggies for Christ in the Orient Realty LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which represented Leica Geosystems in the transaction. Chandler Spratlin, Vice President of Leasing for the Atlanta Office Group, represented Duke Realty. Redevelopment work on the 100,000 square foot building is being carried out by Duke Construction. Duke Realty will lease the remaining 20,000 square feet to other clients. About Leica Geosystems -- With close to 200 years of pioneering solutions to measure the world, Leica Geosystems products and services are trusted by professionals worldwide to help them capture, analyze, and present spatial information. Leica Geosystems is best known for its broad array of products that capture accurately, model quickly, analyze easily, and visualize and present spatial information in 3D. Those who use Leica products every day trust them for their dependability, the value they deliver, and the superior customer support. Based in Switzerland, Leica Geosystems is a global company with tens of thousands of customers supported by more than 2,400 employees in 23 countries and hundreds of partners located in more than 120 countries around the world. Leica Geosystems is a publicly listed company listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → , registered with the Swiss Stock Exchange (SWX SWX Swiss Exchange (trademark of SWX Swiss Exchange) SWX SolidWorks (3D solid modeling CAD software) SWX Splitter / Wave Division Multiplexer ). About Duke Realty in Atlanta -- In the greater Atlanta area, the Duke Realty portfolio includes approximately 15.5 million square feet of office, industrial and retail commercial real estate. The Company controls approximately 900 acres of undeveloped land for future development and employs more than 125 real estate professionals in the greater Atlanta market. Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company is a full-service commercial real estate company that owns, manages or has under development more than 112 million square feet of industrial, office and retail properties in 14 major U.S. cities. Duke Realty, which controls 4,600 acres of undeveloped land that can support approximately 69 million square feet of future development, also provides nationwide real estate solutions through its national development and construction division. For more information, please visit Duke Realty Corporation on the web at www.dukerealty.com. For an updated list of available space from Duke Realty, visit www.dukespacefinder.com |
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