TSYS signed a 10-year, 60,000-sf lease at 200 Barrett Summit, a two-story, 80,000-sf building scheduled to break ground in mid-January and be completd by next December. The estimated aggregate value of the lease is $15 million. Rental rates in the area range between $24 psf and $27 per sf.
TSYS initially will move 300 employees into the building. The space can accommodate 400 workers. Total System Services is 80.8% owned by Synovus Financial Corp. of Columbus, GA. The 200 Barrett Summit building is one of three being developed in the Barrett Summit park by a partnership of Pope & Land Enterprises and Brasfield Gorrie, a Birmingham, AL-based general contracter.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
