The personnel change was announced in the wake of CarrAmerica's $5.6-billion merger with an affiliate of the Blackstone Group of New York, which closed earlier this week, taking the heretofore public REIT private. The prior management team was led by Tom Carr (CEO and chairman) and Phil Hawkins (president).CarrAmerica owns, develops and operates office properties in 12 markets across the country. Its affiliates own, directly or through joint ventures, hold interests in 26.4 million sf in 287 properties. "The transition from a public company will enable us to be more flexible and opportunistic in our approach to investments," Peatross said in a prepared statement.

Other executive management changes include Kurt Heister, CFO, formerly a senior vice president and controller, and Howard Weissman, controller, formerly vice president and assistant controller. The company's regional managing directors are Jeff Pace (Austin, Chicago, Dallas, Denver, Salt Lake City), Malcolm O'Donnell (Southern California, Clete Casper (Seattle, Portland), and Phillip Thomas, (Washington, DC).