353,983 SF Hartman Business Center I in Austell, GA Sells for $16.1M
KBS Real Estate Investment Trust (KBS REIT I) has sold Hartman Business Center One in Austell, GA, for $16.1 million. KBS REIT I bought the property in 2007.
The transaction was simultaneous to the disposition of Hartman II in Austell by KBS Real Estate Investment Trust II (KBS REIT II), an affiliate of REIT I.
Located 18 miles west of downtown Atlanta within the I-20 West/Douglasville submarket, Hartman Business Center One offers access to I-285, I-75 and I-85. Constructed in 2006, the building is part of Hartman Business Center, a 1.8 million-square-foot, 150-acre master-planned industrial park.
KBS and affiliated companies own six other Atlanta metropolitan area properties totaling more than 1.8 million square feet. This includes Piedmont Center 5-8 in Atlanta, and Royal Ridge and Great Oaks Center in Alpharetta, Ga.