The Clinton, MS-based telecommunications company found 37 acresin the tight North Fulton County market, about 25 miles north ofDowntown, and paid $9.8 million or about $265,000 per acre ($6.08per sf), according to Databank. The seller was a partnership led byTim Carssow, a partner in the law firm of Kilpatrick Stockton.
WorldCom has previously announced plans to build two five-storybuildings totaling 500,000 sf. It expects to complete the firststructure by the end of 2001 and will begin consolidating its workforce in the metro area. Some 2,500 workers will be housed in thenew facilities.
Continue Reading for Free
Register and gain access to:
- 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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
