ATLANTA-Total System Services of Columbus, GA has signed a 10-year lease for 60,000 sf space in 200 Barrett Summit, which is expected to be completed at year end 2001. The estimated value of the lease is $15 million.<p>
ATLANTA-Canton, GA, 35 miles northwest of Downtown in one of metro Atlanta's fast-growing northern counties, is telling developers to discuss their projects with civic and homeowner groups first before applying for development permits.
ATLANTA-D. Kristopher Miller of Ackerman & Co. is the newly-elected president of the Georgia chapter of the National Association of Industrial and Office Properties for 2001.
ATLANTA-Houston-based Hanover Cos. is buying a 1.47-acre block from Centennial Olympic Park Area Inc. for $3.1 million or $2.1 million per acre ($48.41 per sf). The Texas developer plans 250 loft apartments on the site after the deal closes in April.
ATLANTA-Luckie Street Properties, a company representing media mogul Ted Turner and the Turner Foundation, paid United Way of Metropolitan Atlanta $2.95 million for the 50-year-old Bona Allen building at Luckie and Spring Streets.
ATLANTA-Merchants Resource Realty plans to break from the traditional enclosed mall concept and create an open-air village appearance with greenspace and high-end shops at the $60 million Forum on Peachtree Parkway retail/office project 20 miles northeast of Downtown.
ATLANTA-The Los Angeles firm enters one of the area's most vibrant office markets with the $50-million purchase of two-year-old Tower Place 200, a 13-story, 250,000-sf, 98%-leased building within the 1.1 million-sf Tower Place complex.
ATLANTA-The California-based firm paid $166.66 per sf for Preston Ridge IV, a six-story, 150,000-sf, 90%-leased building in the Preston Ridge business park, 25 miles north of Downtown. The locally-based developer will continue to lease and manage the property.
ATLANTA-Fred N. Pratt Jr., head of Lend Lease Real Estate Investments Inc.'s specialized business group, is the company's new president and chief operating officer. Pratt joined the company in November 1999 from Boston Financial Group.