ATLANTA-McCanish Systems has renewed its 33,000-sf office lease at the 54-acre, 525,000-sf Powers Ferry Landing West business park in Fulton County, bringing occupancy at the 30-year-old property to 70%. The eight-year lease has an aggregate rent value of $5.1 million.

The renewal marks the 13th lease transaction totaling 73,000 sf locally based Carter has completed at the 14-building property since purchasing the park with its partners from J.P. Morgan in June 2004. Powers Ferry Landing West is jointly owned by Carter, Julian LeCraw Co. and the Morgan Stanley Real Estate Funds IV Domestic.

Christina Stephenson, vice president, human resources at McCanish Systems, says her company decided to renew its lease largely because of the property’s “ease of access and close proximity to major hotels, shopping and restaurants.” The park is 16 miles from Downtown Atlanta, located along 800 feet of Chattahoochee River frontage .

Carter has begun renovations at three of the office buildings on the eastern side of the property. “Powers Ferry Landing West offers a unique setting in a first-class location,” says Steve Tedder, a Carter director in charge of the park’s leasing. “The substantial improvements we’re making to the buildings are especially appropriate, given the natural environment and caliber of the neighborhoods surrounding the property.”

Sam Friedman of AFCO Realty negotiated the lease for McCanish Systems. The privately held Atlanta-based company provides business processing outsourcing services to the life insurance industry.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.