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ATLANTA-CarrAmerica Development Inc. of Washington, DC is having a good week. The developer signed NAC International to a five-year, 65,000-sf lease valued at an estimated $13 million. The space is in a 90,000-sf, $13-million office building CarrAmerica is constructing at the Forum, a 54-acre, 500,000-sf, mixed-use development in the Peachtree Corners area of Norcross, GA, 20 miles northeast of Downtown.

Market rents are $18.50 per sf to $21.50 per sf. NAC, an Atlanta-based nuclear energy and electric services company, will use the space for its new headquarters. NAC will occupy 72% of the structure which is expected to be completed in fall 2001. CarrAmerica owns 7.3 acres of the 54-acre tract; Forum Development Group owns the balance.

The Forum includes pedestrian-oriented office space and an open-air retail mall and restaurants. Although 410,000 sf of the Forum is slated for retail, Bill Brown of Merchants Resource Realty, the retail developer, tells GlobeSt.com there is a strong possibility some 90,000 sf of that space could go for another office building.

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