Tuesday, November 25, 2014

SG Property Services Acquires Medical Office Portfolio in Atlanta for $14.5 Million

Paul Shailendra
ATLANTA, GA (Nov. 25, 2014) — SG Property Services has acquired the Oak Hill Medical Portfolio, an eight-building, 70,000-square-foot portfolio that includes properties in Peachtree City, Blairsville and Newnan, Georgia, for $14.5 million.

“This portfolio was attractive because of its strong credit tenants and in place yield, as well as its potential for further development,” said Paul Shailendra, president of SG Property Services.

““Newnan has seen substantial healthcare investment by virtue of the newly constructed Cancer Treatment Centers of America and Piedmont Newnan Hospital.”

The properties in the transaction include: 10 Eastbrook Bend in Peachtree City; 1294 Hwy 515 East in Blairsville; and 39 Oak Hill Court Buildings A-D, 110 Oak Hill Boulevard and 60 Oak Hill Boulevard in Newnan.

Lee Asher
The buyer plans to quickly complete the lease-up at the buildings. SG Property Services recently completed a lease with Piedmont Medical Care and is evaluating additional tenants.

Lee Asher of CBRE represented the undisclosed sellers in the transaction.

For a complete copy of the company’s news release, please contact:

Stephen Ursery
The Wilbert Group
404-549-7150 (O) 404-405-2354 (C)

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