Stan Johnson Company Announces Sale of Barrett Court Office Building in Metro Atlanta

Tomlinson-BarrettCourt

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of Barrett Court, an office building located at 1925 Vaughn Road in Kennesaw, Georgia. The 32,378-square-foot property sold for approximately $4.2 million. Stan Johnson Company’s Craig Tomlinson represented the buyer, an individual investor based in Louisiana. The property was sold by a group of Atlanta, Georgia-based investors.

“The report of office’s demise is greatly exaggerated,” said Tomlinson, Senior Director and Partner in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “There is strong demand for suburban and garden office, typically occupied by the decision makers. Not everyone can or wants to work from home. Buildings with strong fundamentals and reasonable basis are one of the few places an investor can find yield today.”

The two-story Class B property was built in 1998 and is situated on 4.6 acres. The site is conveniently located near Interstates 75 and 575 in northwest suburban Atlanta. At the time of sale, it was 85 percent occupied by tenants including The Adaptive Learning Center, Byram Healthcare, Edward Jones and Farmers Insurance.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.