Press Releases

100% Leased, Class A Multi-Specialty Medtail Property

February 23, 2023


ATLANTA – Transwestern Real Estate Services (TRS) announces its Southeast Investment Sales team has been retained to sell a Class A, 26,216-square-foot medical office building at 2976 Chapel Hill Road in Douglasville, Georgia. Senior Managing Directors Kevin Markwordt and Steve Hall are marketing the recently renovated and expanded property on behalf of the owner, WDG Real Estate Partners.

“The incredible Piedmont-sponsored tenant mix collectively drives robust traffic and referral volume to the property, creating a sustainably high-performing asset for investors over the long term,” said Markwordt.

The property is 100% occupied and anchored by Piedmont Healthcare specialty practices, including primary care, cardiology, orthopedics and urgent care. Piedmont Healthcare is an investment grade-credit health system and a dominant player in Georgia’s medical market.

Built in 2002, the property was fully renovated and expanded in 2023 and features Class A finishes. The building benefits from its proximity to Wellstar Douglas Hospital, a 108-bed healthcare facility serving three counties and approximately 188,000 residents. High visibility along Chapel Hill Road, a primary north-south connector, exposes the asset to 19,960 vehicles per day. Interstate 20 is less than a mile north, giving patients and tenants quick access to metro Atlanta.

“High demand, which can be attributed to the quality and stability of Piedmont and Wellstar, has driven market occupancy to 97% and the largest blocks of available space are only 3,000 square feet,” said Hall. “This is a unique opportunity for a medical, retail or triple net investor to enter a very tight healthcare market and gain access to 26,000 square feet without building it.”

More information about 2976 Chapel Hill Road is available here.

About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) 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, Tenant Advisory + Workplace 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. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.

Media Contact:
Jaime Luckey
678.521.3474
jaime@luckeycomms.com
twmediarelations@transwestern.com

Kevin Markwordt

Senior Managing Director

Atlanta, Georgia

(404) 842-6508

Steve Hall

Senior Managing Director - Healthcare

Atlanta, Georgia

(404) 842-6560