Business & Tech

Kennesaw Property Sold

The property consists of two office/industrial buildings at 2120 and 2124 Barrett Park Drive.

A 151,665-square-foot piece of property on Barrett Park Drive has been sold, officials announced this week.

The property, which consists of two office/industrial buildings at 2120 and 2124 Barrett Park Drive, is 100 percent leased to two tenants, including Alorica Inc., which has brought new jobs to Kennesaw since . 

Knapp Logistics Automation Inc. is the other tenant.

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Meritex, an active owner/operator of industrial real estate in metro Atlanta since 1992, first acquired the Barrett Park Drive property in December of 2010 as part of a 10-building, 750,000-square-foot portfolio.

"The Barrett buildings were immediately identified as disposition candidates due to the level of office finish which exceeded Meritex underwriting standards," the company said in a statement.

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The sale amount and the buyer were not released.

"According to the terms of the purchase agreement with the buyer, Meritex is unable to give additional information about the buyer and the sale price," investment analyst Brenda Haugen told Patch.

Other properties in Kennesaw owned by Meritex include: 

  • 1000 Cobb International Dr.
  • 1300 Cobb International Dr.
  • 3380 Town Point Dr. – Buildings 1, 2 and 3

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