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ATLANTA-Possibly in an indication that the depressed Atlanta office market is beginning to turn around, Washington, DC-based CarrAmerica’s local office has signed leases for a total 93,576 sf at five buildings over the past five months.

Thad Ellis, managing director of CarrAmerica’s Atlanta office, tells GlobeSt.com terms range from five to 10 years and average quoted rents are $20 per sf. That would place the estimated aggregate value of the 93,576 sf at about $13 million, based on an average seven-year lease. Ellis wouldn’t disclose the value or lengths of individual leases.

Locally based NumereX Corp., a telecommunications provider, expanded to 25,265 sf at 1600 Parkwood in northwest Atlanta. The property, built in 1985, is 96% leased. The asking rental rate is $20 per sf to $21 per sf.

Irvine, CA-based Option One Mortgage more than doubled its existing lease at 1600 Parkwood, and now occupies 14,271 sf in the building.

Birmingham, AL-based Regions Bank expanded to 25,265 sf at 400 Embassy Row, in a five-building development of 630,000 total sf in the Central Perimeter market. Asking rents are $18.50 per sf to $21.50 per sf. The first phase of the 86%-occupied Embassy Row was completed in 1984, and the last in 2000.

Woodland Hills, CA-based Oakmont Mortgage leased 11,275 sf in Midori in the Peachtree Corners submarket. Asking rents are $18.50 per sf to $19.50 per sf. The building was completed in 1991 and is 94% occupied.

New leases totaling 17,500 sf were signed at the 90,000-sf Forum but the tenants were not identified. The building was completed in February and is 90% occupied. The anchor tenant is locally based NAC Corp. Asking rents are $20.75 per sf to $21.25 per sf.

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