Tuesday, April 2, 2013

Northside Hospital Inc. renews 43,051-SF lease at Meridian Mark Plaza in Atlanta, GA


  
Meridian Park Plaza, Atlanta, GA

 ATLANTA, GA– Northside Hospital Inc. has renewed its lease at Meridian Mark Plaza in Atlanta, a property developed and owned by Cousins Properties Incorporated (NYSE: CUZ).

The 10-year, 43,051-square-foot renewal is primarily Northside Hospital’s Outpatient Surgery Center in addition to its pharmacy and other ancillary services.

“Northside Hospital is a great organization and we’re pleased to extend our long-term, successful relationship with them,” said Thad Ellis, Senior Vice President of Cousins.

Northside Hospital is one of Meridian Mark Plaza’s original tenants. Meridian Mark Plaza is a 160,000-square-foot medical office building and it’s been approximately 97 percent leased for the past 10 years.

J. Thad Ellis II
 Located along the Glenridge Connector, Meridian Mark Plaza is near “Pill Hill,” a cluster of the region’s major hospitals and doctors’ offices near Georgia 400 and Interstate 285.

“Northside’s lease renewal symbolizes a reinvestment in the Meridian Mark Plaza building by Northside Hospital,” added George Olmstead, owner of Olmstead Realty LLC, who represented Cousins in the lease renewal.

“We also think it underscores how important great access to Pill Hill and the surrounding roads and freeways is for an outpatient clinic. Given the ever-changing dynamics of healthcare and in particular the local dynamics of the Pill Hill real estate market, I’m thrilled that Northside Hospital renewed here.”


In addition to Olmstead who represented Cousins, Joseph Krumdieck with Realty Trust Group represented Northside Hospital Inc. in the transaction.


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

Rachel Tobin,
Jackson Spalding                                
(404) 724-2501;

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