New Ownership Transforming 178,000 SF Asset into Medical Office Campus
March 21, 2023
ATLANTA – Transwestern Real Estate Services (TRS) announces it has been engaged to lease Union Park, a 178,000-square-foot, four-building medical office campus at 5881-5887 Glenridge Drive NE in Atlanta. Transwestern Senior Managing Directors Steve Hall and John V. Lopez and Senior Associate Bo Stuart will lead leasing efforts on behalf of RX Health and Science Trust, which purchased the asset last month. RX Health and Science Trust is a national real estate platform focused on the acquisition, development and renovation of medical offices and other outpatient medical facilities.
Union Park is located within the Central Perimeter submarket, less than a mile from I-285 and GA-400, and less than 2 miles from “Pill Hill,” Atlanta’s preeminent healthcare cluster with Northside Hospital, Children’s Healthcare of Atlanta and Emory Saint Joseph’s Hospital. Access to Perimeter Mall and surrounding restaurants and retail is a short drive away.
“The property is ideal for healthcare providers seeking an off-campus setting with in-town access and amenities,” said Hall. “We look forward to partnering with RX Health and Science Trust to transform Union Park into a modern medical office campus well-positioned to provide high-quality and convenient care to the community.”
Union Park’s key tenants include Children’s Wellness Center, a comprehensive pediatric practice; Sanus Medical, an internal medicine provider; and HIPNation primary care.
Transwestern’s Agency Leasing and Healthcare Advisory teams were first retained to lease the property to both traditional and medical office tenants as part of the previous owner’s repositioning strategy. Accommodating tenants that need 1,000 to 20,000 square feet, the property completed an improvement program to update common areas, building facades and landscaping, and add a conference center and a fitness facility. RX Health and Science Trust has an extensive capital renovation program underway to further modernize, upgrade and convert the campus to continue its growing appeal to premier medical users desiring a convenient location for their doctors, staff and patients.
An image of the property is available for download 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
