September 17, 2018
Atlanta – Transwestern’s Atlanta office today announces it has been named the exclusive leasing agent of an 82,000-square-foot building at 575 Professional Dr. in Lawrenceville, Georgia, at the entrance of Gwinnett Medical Center. Transwestern’s Atlanta Healthcare Advisory Services team, which is led by Senior Vice President Steve Hall and recently expanded with Vice President John V. Lopez and Analyst Bo Stuart, will market and lease the medical office asset on behalf of the owner, Caddis / Invesco Real Estate JV Partnership.
Currently 60 percent leased with a 17,500-square-foot, full-floor availability forthcoming, the building is ideal for tenants such as major healthcare providers and large practice groups looking to open, expand, or relocate to a high-quality medical space in a tight market. Strategically situated in Gwinnett County’s prime medical office hub, the asset’s central location provides easy access to Georgia State Routes 120 and 316, affording tenants unparalleled visibility for building signage.
“The Gwinnett Medical Office Building provides excellent opportunities for physician practices to operate near the Gwinnett Medical Center while enjoying the off-campus flexibility to provide patients with unrestricted services, such as imaging or outpatient surgery,” said Hall. “With the pending merger between Gwinnett Medical Center and Northside Hospital, the asset is perfectly positioned to accommodate growth for new providers at competitive rental rates.”
Transwestern’s second-quarter 2018 research shows that medical office demand continues to outpace development in metro Atlanta with absorption at 390,458-square-feet, which is on track to match or exceed 2017’s total absorption of 639,378 square feet.
“We look forward to working with the property’s committed ownership to further develop a synergistic mix of medical tenants by galvanizing occupancy and strengthening retention,” added Lopez.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.