SOURCE: Meritex Enterprises

January 09, 2007 06:00 ET

Meritex Enterprises Acquires 303,830 s.f. Office/Warehouse Portfolio in Atlanta, GA

MINNEAPOLIS, MN -- (MARKET WIRE) -- January 9, 2007 -- Meritex Enterprises has acquired the Royal Woods Business Center, a 4-building office/warehouse portfolio totaling 303,830 square feet located in Stone Mountain, Georgia, a suburb of Atlanta. The buildings are 100% occupied with about 20 tenants operating in the local, regional, national and international markets. Meritex now owns 8 buildings in the Atlanta market totaling 587,670 square feet. These buildings are managed by Dan Ward, Asset Manager with Meritex in Atlanta.

The purchase of these assets complements Meritex's strategy to own multi-tenant office/warehouse properties in key U.S. markets. "Meritex will continue to execute its strategy of providing industrial space solutions to its customers in cost effective, well-located properties in major markets and throughout the United States," commented Dan Williams, Chief Investment Officer of Meritex.

Company Information:

Meritex Enterprises, Inc. is a private real estate investment and management company that acquires, develops, owns and operates commercial real estate, primarily institutional grade, multi-tenant industrial properties. The Company owns, leases and manages nearly 10 million square feet of commercial real estate in 11 markets in the U.S. The company's properties are located in Atlanta, Chicago, Columbus, Denver, Houston, Indianapolis, Kansas City, Memphis, Minneapolis-St. Paul, Nashville, and Warren, OH. In addition, a subsidiary, Meritex Logistics, provides third party logistics services in Chicago, Kansas City, Memphis, Nashville, Warren and St. Paul.

Additional information can be found at the Company's website www.meritex.com.

Contact Information

  • Media Inquiries:
    Dan Ward
    404-966-8160