Peterson Resumes Control of Carter’s Brokerage Services


Company Chairman and CEO adds Brokerage Business to his daily duties

ATLANTA, GA – February 16, 2009 – (RealEstateRama) — Carter, one of the country’s leading full-service commercial real estate firms, announced today that company Chairman and CEO Bob Peterson has added to his duties oversight of Carter’s Brokerage Services business.

Brokerage Services is one of Carter’s five core service lines and covers tenant representation, third-party leasing, land sales and investment sales. Among other brokerage services, Carter’s team also facilitates access to capital markets. Carter’s decision to have Peterson oversee the service line is evidence of the company’s commitment to its brokerage business.

“Brokerage Services is extremely important to Carter’s business platform, and I look forward to guiding it,” Peterson said. He also will remain chairman and CEO of Carter. “In this era of consolidation that has created mega-brokerages, Carter is well-positioned to give customer representation to clients of all sizes. Our full-service offerings, the extensive knowledge, breadth and depth of our associates, and commitment to personal attention for our clients have made us trusted counselors, and we look forward to working with our clients to develop innovative solutions in these unprecedented times.”

Peterson replaces Joe Terrell, who will remain an executive vice president at Carter. Terrell will focus on brokering transactions, an area in which he has a long history of success.

In the past 50 years, Carter’s Brokerage Services business has completed billions of dollars worth of transactions in office and industrial tenant representation, and investment property and land sales. “Joe is the consummate deal-maker, and we look forward to him focusing whole-heartedly on brokerage for our clients,” Peterson said. For Peterson, the change marks a return to Brokerage Services. He joined Carter in May 2001 as executive vice president of brokerage and corporate services. Peterson began his career in commercial real estate as a broker in 1974.

He went on to found Peterson Properties, an Atlanta development firm that built more than 100 office and industrial buildings. In 1999, Peterson sold his company to CarrAmerica Realty, a real estate investment trust that is an affiliate of The Blackstone Group acquired in 2006.

Terrell also is a well-known veteran of Atlanta’s commercial real estate industry. He was a founding partner of Bullock, Terrell & Mannelly Inc., now known as Bullock Mannelly Partners.

About Carter
Founded in 1958, Carter is one of the nation’s top full-service commercial real estate firms. The firm offers a diverse range of commercial real estate services, including real estate advisory, development, project and program management, brokerage services, and property and facility management to real estate users, owners and investors. Having navigated over five decades of commercial real estate cycles, Carter has become a trusted industry leader in areas like office, healthcare, education and mixed-use properties, among others.

Carter’s talented and experienced team of associates is enhanced by active involvement from Carter’s senior-most leaders to ensure each client receives the depth of knowledge and expertise required to not only meet client needs but to identify unseen opportunities. This customer-centric focus has led to long-tenured relationships with projects that span the U.S.

Headquartered in Atlanta, with multiple offices in the Southeast, national and international services are provided through Carter’s ownership in Oncor International. Carter recently ranked 16th on National Real Estate Investor’s list of top office developers. In 2008, Atlanta Business Chronicle ranked Carter the No. 1 Office Developer based on square feet developed, marking the sixth time the firm has held the top spot since 2000.

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