Renovated 370,000 SF Complex Part of Emory Saint Joseph’s Hospital Campus
April 23, 2020
Atlanta – Transwestern Real Estate Services (TRE) announces its Atlanta Healthcare Advisory Services team has been selected to exclusively lease Doctors Center I, II and III, totaling 370,000 square feet. The three Class A medical office buildings are located on Emory Saint Joseph’s Hospital Campus at 5665 Peachtree Dunwoody Road in Atlanta. Transwestern Senior Managing Director Steve Hall, Senior Vice President John V. Lopez, and Associate Bo Stuart will provide leasing services on behalf of Chicago-based Lillibridge Healthcare Services Inc., a wholly owned subsidiary of Ventas Inc. (NYSE: VTR).
“Lillibridge is a leading provider of exceptional medical office space to healthcare professionals,” said Hall. “We’re excited to embark on this new relationship with the company to bring an elevated leasing experience to users in one of Atlanta’s biggest medical office markets.”
Attached to Emory Saint Joseph’s Hospital, Doctors Center sits immediately adjacent to Children’s Healthcare of Atlanta and connects to Northside Hospital Atlanta via a footbridge. The property has direct access to MARTA’s Medical Center station, Interstate 285, and Highway 400. Doctors Center is 88% occupied and anchored by Emory Healthcare, Resurgens Orthopaedics Atlanta, and Atlanta Gastroenterology, with a tenant mix that includes Emory’s Winship Cancer Institute and healthcare specialists in cancer/oncology, cardiac care, and urology, among others.
In 2019, Doctors Center completed a $12 million renovation that encompassed a new gallery area, replacing the atrium that connects the three buildings; enhanced amenities, including a new fitness center and coffee kiosk; improved signage and wayfinding; new entrances; and modernized elevators. Earlier this year, Doctors Center won BOMA Georgia’s 2019 TOBY award in the “Renovated Building” category and is advancing to the international awards.
“By investing in the long-term success of Doctors Center through these capital improvements, Lillibridge is meeting the needs of its existing tenants and strengthening the property’s competitiveness for attracting new medical users in a market with no new developments on the horizon,” said Lopez.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRE) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.