Lincoln Property Company Southeast Acquires Kennesaw Value Add Retail Center

2/17/20

Lincoln Property Company Southeast (Lincoln) has acquired in partnership with Stockbridge, Barrett Pavilion, a 458,740-square-foot, value add retail center located within Cobb County at Ernest W Barrett Parkway NW and Cobb Place Boulevard NW in Kennesaw, Georgia.

Lincoln and Stockbridge have plans to reinvigorate the center through strategic leasing, densification and repurposing of some of the existing boxes. “Barrett Pavilion is situated within a robust trade area and surrounded by strong demographics,” said Lincoln’s Chip Sipple, vice president. “We look forward to contributing to the ongoing success of the center by creating a more robust retail and entertainment environment which will appeal to a broader demographic.”

Barrett Pavilion is the Kennesaw trade area’s largest power center, situated at the key intersection of the retail corridor. Due to its close proximity to Kennesaw State University and Kennesaw Mountain, the center draws strong daytime traffic. Barrett Pavilion also offers convenient access from I-75 and I-575. Several of the featured retailers include AMC Theatres, Best Buy Outlet, buybuy BABY, Chick Fil-A, Georgia Patio, Hampton Inn, JOANN, Old Navy, REI, Shoe Carnival, Target, Ted’s Montana Grill, The Melting Pot, Total Wine & More and ULTA.

Located on 55 total acres and inside of the Town Center CID and the Town Center Regional Activity Center, Barrett Pavilion is positioned for many possibilities in an exciting location. Lincoln will manage the center and share leasing responsibilities with The Shopping Center Group.

About Lincoln Property Company

Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 250 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets. For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com.

About Stockbridge

Stockbridge (stockbridge.com) is a real estate investment management firm headquartered in San Francisco, California, with offices in Atlanta and Chicago. The firm’s portfolio is comprised of assets across the risk spectrum, spanning all major property types throughout the United States. As of December 31, 2019, the firm’s total assets under management totaled approximately $15.9 billion.