Anchor Well being Properties has teamed up with international funding agency The Carlyle Group to accumulate The Pavilion at Windy Hill, a Class B medical workplace constructing totaling 90,379 sq. ft in Marietta, Ga.
The off-market deal that closed by way of Anchor’s $100 million Chestnut Healthcare Fund II brings the corporate’s Georgia portfolio to 17 properties, with almost 800,000 sq. ft of owned and managed property.
Within the first half of the yr, seven medical workplace properties totaling 653,868 sq. ft traded within the Atlanta market, in keeping with CommercialEdge knowledge. The transactions had a mean sale value of $204.47 per sq. foot, with the common whole sale value barely above $20 million.
The client turned to Capital One to supply acquisition financing and to Transwestern to facilitate the transaction. The brokerage workforce included Senior Managing Administrators Steve Corridor and Kevin Markwordt. Anchor additionally chosen Transwestern to supply leasing providers for The Pavilion at Windy Hill.
Anchor Well being Properties is an energetic investor within the medical workplace sector. Not too long ago, the corporate has teamed up with Harrison Road to purchas Westlake Skilled Heart, a 30,000-square-foot outpatient facility in Westlake Village, Calif. In June, the identical partnership paid $45.5 million for Crossroads III, a medical workplace constructing totaling 95,777 sq. ft in Plantation, Fla.
A suburban Atlanta MOB
The multi-tenant property at 2550 Windy Hill Street SE on the Wellstar Windy Hill Hospital campus consists of two ambulatory surgical procedure facilities (ASC). With three working rooms, one ASC is collectively utilized by Resurgens Orthopedics, the state’s most intensive orthopedic apply, in addition to United Surgical Companions Worldwide, which has the most important ambulatory community nationwide, with greater than 440 ambulatory surgical procedure facilities and surgical hospitals, in keeping with their web site. In the meantime, the second ASC is run by GI Specialists of Georgia, a gastroenterology apply.
In-built 1973, the three-story constructing has 30,000-square-foot floorplates and a 209-car parking space with a ratio of two.30 areas per 1,000 sq. ft, in keeping with CommercialEdge knowledge. Whereas the property was most lately up to date in 2020, the brand new proprietor plans to implement a capital enchancment plan to reposition the ability, bringing it to a Class An ordinary.
The Pavilion at Windy Hill is lower than half a mile from Interstate 75, inside 2 miles of Interstate 285 and downtown Atlanta is roughly 13 miles southeast.
