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| 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.
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| 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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