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Northside JV Breaks Ground on Atlanta-Area MOB

by Index Investing News
July 11, 2023
in Property
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Breaking ground ceremony of Northside Medical Bufford. Image courtesy of Northside Hospital

Northside Hospital Gwinnett, in partnership with Physicians Realty Trust and Realty Trust Group, has officially broken ground on Northside Medical Buford, a 100,000-square-foot medical office building in Lawrenceville, Ga.

Northside Hospital acquired the development land in 2020 for $10 million, according to Gwinnett County records. The project will come online in the summer of 2024.

Upon completion, the medical office building, which is already fully leased, will provide a wide array of services such as imaging, primary care, cardiology, medical oncology, orthopedics and urgent care. The facility is taking shape at 2800 Buford Drive, across The Exchange at Gwinnett and near Coolray Field, providing direct access to Interstate 85. Downtown Atlanta is 35 miles southwest.

Northside Medical Buford is one of the firm’s latest projects in Georgia. Northside is currently building a 15-story patient tower at the Northside Hospital Gwinnett campus and recently opened a medical office building on-site, with plans to open a few other medical facilities in Phase II of The Grove at Towne Center in Snellville, Ga.

Atlanta had 23 medical office buildings in the planned and prospective stages of development as of July, set to add approximately 3.4 million square feet to the existing inventory, according to CommercialEdge data.



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Tags: AtlantaAreaBreaksGroundMobNorthside
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