Login

BellSouth Sells Stakes in Buildings

Phone Company Enters Sale/Leasebacks with Buyer USAA Worldwide Insurance
By Alexander Schwarz
August 20, 2003 | 9:54 P.M.

BellSouth sold its interest in two major metro Atlanta office properties, but will remain as a tenant in both locations. The Atlanta-based telecommunications company sold its interest in the 28-story 1100 Peachtree Street in Midtown Atlanta, and the six-building Chastain Center office park in Kennesaw, GA, to to USAA Worldwide Insurance. Carter & Associates ONCOR Int'l, which holds the remaining interest, will retain its stake in both properties. San Antonio, TX-based USAA owns and manages more than $66 billion in assets, and has locations throughout the United States and Europe.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


  • Properties
    • Building 200

      200 Chastain Center Blvd, Kennesaw, GA

    • Bldg 300

      300 Chastain Center Blvd, Kennesaw, GA

    • Bldg 100

      100 Chastain Center Blvd, Kennesaw, GA

    • Bldg 400

      400 Chastain Center Blvd, Kennesaw, GA

    • Bldg 500

      500 Chastain Center Blvd, Kennesaw, GA

News | BellSouth Sells Stakes in Buildings