Back to top

Analyst Blog

Duke Realty Corp. (DRE - Analyst Report) disclosed that it has been chosen by FedEx Trade Networks, the freight forwarding wing of FedEx Corp. (FDX - Analyst Report), for a build-to-suit project at Camp Creek Business Center in East Point, GA. The construction is expected to complete in August this year.

In particular, Duke Realty will construct a 77,100 square feet building for FedEx Trade Networks, which will be used by the latter as a distribution and sales center. Accordingly, FedEx Trade Networks penned a long-term lease deal with this commercial real estate investment trust (REIT) to occupy the project upon completion. As a matter of fact, this build-to-suit facility at Camp Creek Business Center includes a 15,000 square feet office space.

Situated south of Atlanta and near Hartsfield-Jackson International Airport, Camp Creek Business Center is a 400-acre, mixed-use business park. The property, which is about 3 million square feet developed to date, is a prime business hub of the region. It boasts a diversified cluster of well-known tenants such as Jaguar Land Rover North America of Tata Motors Limited (TTM - Snapshot Report), ADT Security Services and Dick's Sporting Goods Inc. (DKS - Analyst Report).

We expect this deal to strengthen Duke Realty’s ties with its clients and bode well for top-line growth. As a matter of fact, the company has made concerted efforts to lower its suburban office assets as the fundamentals of this market remain weak. On the other side, the company is focused on enhancing its bulk industrial properties and reached its goal of 60% for this segment’s investment in 2013. The above-mentioned deal will further boost Duke Realty’s industrial assets portfolio base.

Duke Realty currently holds a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%