Carter Racing Clock to Fill Up 1100 Peachtree

Owned jointly by locally based Carter and USAA Real Estate Co. of San Antonio, 1100 Peachtree, at 12th and Peachtree streets, has enjoyed a 99% occupancy level for the past 10 years, according to Carter officials. Helping to maintain that occupancy are two new leases signed for a total 29,400 sf with an estimated value of $7 million.

BDO Seidman LLP, the New York-based accounting firm, is taking 21,241 sf for 12 years. The Hon Co., a global office furniture firm with US headquarters in Muscatine, IA, has leased 8,159 sf for 11 years. Carter broker John Zintak represented Carter and USAA in the BDO Seidman lease. Carter's Harold Wyatt negotiated for his company in the Hon deal. John Dolan of Trammell Crow represented Hon.

BellSouth sold its equity interests in 1100 Peachtree and in the six-building Chastain Center office park in suburban Kennesaw for an estimated $57 million, as GlobeSt.com previously reported. Carter held an equity interest in both properties for several years. BellSouth's decision to sell its interest in the two properties follows the company's 1999 plan to consolidate it employee bases near three Marta stations.