Atlanta, GA, March 8, 2012 – Camp Creek Medical Center III (top left and middle right photos), the third of a four-building outpatient medical campus located in the new Camp Creek community of South Fulton County, has been sold to Arizona Real Estate Investment Trust, Healthcare Trust of America, Inc.
The 30,000-square-foot, two-story medical building, developed by Ackerman & Co.’s healthcare division, Ackerman Medical, sold for $8.9 million.
Camp Creek III was developed in 2010 by Ackerman Medical in a venture with leading physician practices, Camp Creek Medical Center III, LLC.
Ackerman Medical also handled the leasing and management for the property.
“The fact that Camp Creek III was fully leased within 10 months of opening, in this economy, is a testament to Ackerman Medical’s leasing team and our unique understanding of physician needs,” said John A. Willig (middle left photo), principal of Ackerman Medical.
At closing, the building was 97% leased; leading tenants include Tenet South Fulton, Orthopaedics of Atlanta and Georgia Cancer Specialists.
In all, the three buildings at Camp Creek Medical Center feature 60 doctors, 21 specialties, a Women’s Center and a Diagnostic Imaging Center. The final phase, Camp Creek IV, is on track to be developed later this year.
The Ackerman & Co. investment sales team of Andrew Murphy (lower right photo) and Spencer Coan (lower left photo) represented Camp Creek Medical Center III, LLC in the sale of the building.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.
The company, founded in 1967, retains an expert team of more than 100 real estate professionals.
To date, Ackerman & Co. has developed and acquired more than 200 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.
The company’s healthcare division, Ackerman Medical, has developed more than 1 million square feet to date and has more than 585,000 square feet of active medical listings.
For more information on Ackerman & Co., visit www.ackermanco.net
Contact:
Fara Wilson,
VP of Marketing,
Ackerman & Co.,
770. 913.3904
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