TSYS signed a 10-year, 60,000-sf lease at 200 Barrett Summit, atwo-story, 80,000-sf building scheduled to break ground inmid-January and be completd by next December. The estimatedaggregate value of the lease is $15 million. Rental rates in thearea range between $24 psf and $27 per sf.
TSYS initially will move 300 employees into the building. Thespace can accommodate 400 workers. Total System Services is 80.8%owned by Synovus Financial Corp. of Columbus, GA. The 200 BarrettSummit building is one of three being developed in the BarrettSummit park by a partnership of Pope & Land Enterprises andBrasfield Gorrie, a Birmingham, AL-based general contracter.
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.
