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ATLANTA-The Dupree Building now resides in the portfolio of the Carter Real Estate Fund II, which bought the six-story office property from Germania Property Investors. The seller is a an affiliate of locally based Germania of America Inc.

The 137,818-sf class A office property is located at 6120 Powers Ferry Rd. It was built in 1997. A spokeswoman for locally based Carter tells GlobeSt.com the purchase price is confidential.

The new owner finds itself with a 100%-occupied property; however, Sprint, which subleases 122,590 sf from Compaq/Hewlett Packard, is vacating the space on March 31. Superior Essex is already lined up to fill 75,000 sf when it moves its corporate headquarters to the Dupree Building in the third quarter. The remaining available space includes the entire third floor–totaling approximately 47,000 sf–as well as 6,200 sf on the first floor.

The spokeswoman tells GlobeSt.com that there are a few interested tenants, but no signed leases for that space as of yet. The asking rent is $23, she says, adding Carter is looking to fill the space immediately.

“This is a great opportunity for CREF II, not only because of the property’s quality, condition and location, but also because we know we can create additional value through lease-up,” Carter vice chairman Jim Sheldon says in a statement. “Since delivery, the Dupree has been fully leased, and we are excited about reintroducing the building to the market.”

Carter will also handle the leasing and management of the property. Carter’s Tommy Hughes and Beau Terrell repped CREF II in the acquisition negotiations. Glenn Kolker with Childress Klein repped the fund in the lease negotiations with Superior Essex, with CB Richard Ellis’ Sam Holmes repping Superior Essex.

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