Cingular and Barry officials couldn't be reached at GlobeSt.com's publication deadline to learn lease details. But area brokers familiar with the deal tell GlobeSt.com on condition of anonymity the lease is at least for 10 years with options to renew.

Based on the most recent research from Atlanta-based Richard Bowers & Co., the average asking class A rent in the GA-400 North submarket is $22.14 per sf. That would give the Cingular lease an estimated aggregate value of $8.32 million per year or $83.25 million for 10 years.

Cingular has also purchased an undisclosed amount of land adjacent to the Barry-built building where locally based Holder Properties will be breaking ground shortly on a 68,000-sf data center scheduled for completion in first quarter 2002. Area construction industry estimators tell GlobeSt.com on condition of anonymity the class A data center will probably be built for about $10 million or roughly $150 per sf.