Atlanta & Southeast News In Your Inbox
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Colliers Closes Sale of MOB Near Northside Hospital Cherokee
Colliers arranged the sale of a premier medical office building located at 1521 Hickory Flat Hwy. in Canton, GA. EVPs Michael Lipton and Josh Gregory represented the seller, a joint venture between several medical practices. The buyer, Northside Hospital, was represented by Charlie Dickhaus of Realty Trust Group, LLC.
1521 Hickory Flat Hwy. is a Class A, 36,000-square-foot medical office building that was completed in 2021. It is one of two new MOBs built in the area, with easy access to I-575 and proximity to Northside Hospital Cherokee. The building is mostly leased by Northside Hospital, a hospital and healthcare company based in Cumming, GA.
Lipton said the JV initially purchased 1495 Hickory Flat intending to build a second twin building. “The project quickly filled up with premier practices including Roswell OB/GYN, Heart & Vascular Care, North Atlanta Primary Care, Resurgens & Cleaver Dermatology.” Northside pre-leased most of 1521.
- ◦Sale/Acquisition