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ATLANTA-Total System Services, a major Columbus, GA-based processor of credit card and other transactions, is moving its Atlanta regional offices next year from Northchase Office Park in Marietta, GA to the Barrett Summit business park in the Kennesaw area of Cobb County, along the I-75 corridor in the northwest quadrant of metro Atlanta.

TSYS signed a 10-year, 60,000-sf lease at 200 Barrett Summit, a two-story, 80,000-sf building scheduled to break ground in mid-January and be completd by next December. The estimated aggregate value of the lease is $15 million. Rental rates in the area range between $24 psf and $27 per sf.

TSYS initially will move 300 employees into the building. The space can accommodate 400 workers. Total System Services is 80.8% owned by Synovus Financial Corp. of Columbus, GA. The 200 Barrett Summit building is one of three being developed in the Barrett Summit park by a partnership of Pope & Land Enterprises and Brasfield Gorrie, a Birmingham, AL-based general contracter.

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