Transwestern Brokers Disposition of 33,934 SF MOB in Morrow, Georgia
October 10, 2023
ATLANTA – Transwestern Real Estate Services (TRS) announces it has brokered the disposition of Southlake Medical Plaza, a 33,934-square-foot property at 6635 Lake Drive in Morrow, Georgia. Transwestern Senior Managing Director Kevin Markwordt, CCIM and Managing Director John V. Lopez, CCIM, RPA represented the undisclosed seller in the transaction to Clayton County Board of Education for $3.2 million.
“We are thrilled to achieve a win-win for our client and the community within months of taking the property to the market,” said Lopez. “We believe the sale represents the asset’s highest and best use given the major investments Clayton County Board of Education has been making in the immediate area.”
The 3.89-acre property is adjacent to Southlake Mall, a regional shopping center anchored by Macy’s. Clayton County Public Schools (CCPS) purchased the former Sears department store on the mall property in 2021, announcing plans to invest $50 million to transform the space into a 7,000-seat arena. CCPS is the fifth-largest school district in the state with more than 52,000 students.
“We would like to express our grateful appreciation to Transwestern and Dudley Thomas Spade for working with the district in completing this property purchase in such a professional manner,” said Dr. Anthony W. Smith, CCPS Superintendent/CEO of Schools. “Their cooperation has allowed our construction team to move forward with a renovation project that will enhance the efficiency of the district’s administration.”
The buyer was represented in the transaction by Diana Campbell, CCIM, Senior Partner and Associate Broker at Dudley Thomas Spade SRE.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.