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| 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.
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| 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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