Carter Completes Lease Renewal and Extension for Brasfield & Gorrie

By Malloy Peterson, vice president of marketing, Carter

ATLANTA (June 27, 2011) - Carter brokers Bradley Fulkerson and April Hawkinson just completed a 10-year renewal and extension of Brasfield & Gorrie’s 69,713-square-foot Atlanta Regional Headquarters at Barrett Summit in Kennesaw. Brasfield & Gorrie is a full-service, general contracting, construction management and design/build service provider based in Birmingham, Ala.

Bradley represented B&G when they originally moved into the facility in 2000, and has assisted with several expansions of the original premises during B&G’s occupancy. Although B&G has several years remaining on their lease, the current transaction is a term extension and rental rate reduction as part of a debt restructuring for the entire Barrett Summit, a three-building complex on Vaughn Road in Barrett Office Park.

“Brasfield & Gorrie’s space at 100 and 200 Barrett Summit is the perfect long term location for them,” Bradley says. “B&G built the building and their interior space when they originally moved in, and Carter helped B&G negotiate an ownership position in the property in partnership with Pope & Land. Renewing the lease, restructuring the rental rate and committing for the next 10 years is a great move for B&G and for the project partnership!”

The Carter/Brasfield & Gorrie relationship dates back to the 1980’s and includes many of Carter’s iconic past development projects and other notable Atlanta projects, including: Colonnade, Birmingham, Alabama; BellSouth Headquarters, Nashville, Tennessee; The Georgia Dome; The Georgia Aquarium; 217 17^th Street; Phipps Tower; 3630 Peachtree Street; Bellsouth Midtown; and many more. And in Cincinnati, Brasfield & Gorrie is finishing up the first phase of The Banks, a $600 million mixed-use project in downtown Cincinnati. Carter is the project’s master developer.