Medical workplace buildings on the Piedmont Fayette Hospital campus. Picture courtesy of CBRE
Treatment Medical Properties, in partnership with Kayne Anderson Capital Advisors, has acquired two medical workplace buildings totaling 192,363 sq. ft in Fayetteville, Ga. The three way partnership bought the buildings from Piedmont Healthcare via a 70-year floor lease with a 15-year extension possibility, public data present. CBRE represented the vendor.
In January, the partnership additionally acquired a 13-property medical workplace portfolio spanning eight states. Montecito Medical Actual Property offered the property for $131 million.
On the Piedmont Fayette Hospital campus
The portfolio contains two buildings of 97,164 sq. ft and 100,800 sq. ft, respectively, constructed between 1996 and 2006 on roughly 5 acres on the Piedmont Fayette Hospital campus. The Class A, five-story services function managed entry, 5 passenger elevators, 544 parking spots and share parking with the hospital as properly, with no particular variety of areas allotted.
Piedmont Healthcare is the properties’ anchor tenant, occupying 63 p.c of the house; the nonprofit has just lately renewed its 15-year lease at each buildings. The portfolio was 97 p.c leased on the time of sale to a mixture of regional tenants, together with Nephrology Consultants of Georgia and Ladies’s Specialists of Fayette, amongst others. Medical providers supplied embrace surgical procedure, oncology, cardiology, orthopaedics, in addition to pulmonary and demanding care.
Positioned at 1265 and 1267 Freeway 54, with publicity to West Lanier Avenue, the medical workplace buildings are 30 miles south of downtown Atlanta. Different medical suppliers within the surrounding space embrace Peachtree Medical Heart, Piedmont Pressing Care, Synergy Main Care and Southern Crescent Medical Clinic.
The CBRE group representing the vendor included Vice Chairman Lee Asher, Senior Vice President Zack Holderman, First Vice President Jordan Selbiger, Senior Director Trent Jemmett and Director Cole Reethof.
