Cushman & Wakefield’s U.S. Healthcare Capital Markets Team of Travis Ives, Gino Lollio and Scott Nidergang collaborated with Brandon Wallace and George Olmstead of the Atlanta office to represent the seller, Rushmore Properties, in the transaction.
“This transaction is a great example of the resiliency of the medical office investment market,” Ives said. “We launched this deal at the onset of the pandemic during a time when many transactions in other investment sectors were hitting pause.”
Located at 10700 Medlock Bridge Road, the property is 96% leased to a variety of specialties including primary care (Northside Hospital credit), dental, plastic surgery, dermatology, physical therapy, allergy and endocrinology.
“John’s Creek features some of Greater Atlanta’s most favorable demographics, which drives demand for medical and dental providers,” Wallace added. “Also driving demand for medical space in the area is the proximity to Emory John’s Creek Hospital, part of the Emory Healthcare system, a top-tier provider in the Atlanta market.”