Forsyth Physicians Heart. Picture courtesy of Anchor Well being Properties
Anchor Well being Properties, in a three way partnership with an institutional fairness accomplice, has acquired Forsyth Physicians Heart, a 91,940-square-foot medical workplace constructing in Cumming, Ga. Richmond Honan offered the Class A property, in response to CommercialEdge data. First Residents Financial institution supplied the customer with $20.5 million in debt financing.
The ability was 80 p.c leased on the time of sale. Colliers Atlanta represented Anchor Well being, whereas CBRE assisted the vendor.
The acquisition marks Anchor Well being’s second vital buy within the Atlanta market in the previous couple of months, including to its Georgia portfolio of practically 1 million sq. ft. The agency’s first funding within the metro concerned a 43,730-square-foot medical workplace constructing in Lawrenceville.
A Class A medical workplace asset in metro Atlanta
Richmond Honan developed the property in 2016, financing its building with a $15 million mortgage supplied by United Group Financial institution, CommercialEdge information reveals. The event workforce additionally included Lyman Davidson Dooley Inc. and Pencor Development. The three-story constructing was 95 p.c preleased on the time of its 2017 completion.
Forsyth Physicians Heart gives varied medical providers, akin to imaging, bodily rehabilitation, surgical procedure, most cancers screening procedures and ORL procedures, amongst others. The tenant roster consists of Resurgens Orthopaedics, GI North and North Atlanta Ear, Nostril, Throat, and Allergy.
The ability occupies a 13-acre website at 4150 Deputy Invoice Cantrell Memorial Street, adjoining to Northside Hospital Forsyth, some 40 miles Northeast of Atlanta. Different medical suppliers within the surrounding space embrace Village Medical – Morrow, Piedmont Pressing Care and Goodman Dermatology.
Government Vice President Michael Lipton and Senior Vice President Andrew Walker with Colliers Atlanta negotiated on behalf of the customer. Vice Chairman Lee Asher and First Vice President Jordan Selbiger with CBRE assisted the vendor.
Anchor Well being portfolio growth in 2023
Anchor Well being presently has $3.2 billion invested in stabilized healthcare services and 9 million sq. ft of medical workplace area below administration. Within the first half of 2023, the agency entered the Columbus health-care actual property market with the acquisition of a medical workplace constructing in Grove Metropolis, Ohio.
Two different purchases had been made this spring, when the corporate expanded its Florida footprint with a 34,681-square-foot medical workplace in Sebastian, Fla., after which acquired Renewal Medical Heart, a Class B facility in Lone Tree, Colo.
