News Release: Just Closed – 400 Tower Road (Marietta, Ga.)

CBRE Capital Markets | Healthcare and Life Sciences

Just Closed

400 Tower Road (Marietta, Ga.)

Sale Date: 7/31/2020

Property Size: 48,145 SF

Occupancy: 100%

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of 400 Tower Road (the “Property”), located in Marietta, Georgia. Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley and Sabrina Solomiany acted as the seller’s exclusive advisors.

400 Tower Road is a three-story, 48,145 rentable square foot, Class A medical office building located adjacent to the Wellstar Kennestone Hospital. The 633-bed acute care hospital has been recognized for high performance in Diabetes and Endocrinology, Nephrology, Orthopedics, Gastroenterology, Neurology and Neurosurgery by US News Best Hospitals. As one of only three Level II trauma centers in Metro Atlanta, and part of the state’s largest trauma network, Wellstar Kennestone operates the second busiest emergency department (ED) in Georgia and the eighth busiest ED in the U.S., caring for more than 138,000 patients per year.

The Property was 100% leased at the time of sale, with a high-caliber roster of health system and physician tenants. Built in 2008, the property features a modern exterior with convenient and abundant parking on a free surface lot with additional covered spaces underneath the building for physicians. The Property also benefits from its prominent location with exceptional visibility on Tower Road.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

LEE ASHER
Vice Chairman
+1 404 504 5965
lee.asher@cbre.com

CHRIS BODNAR
Vice Chairman
+1 303 628 1711
chris.bodnar@cbre.com

JORDAN SELBIGER
Director
+1 404 923 1259
jordan.selbiger@cbre.com

RYAN LINDSLEY
Senior Director
+1 303 628 1745
ryan.lindsley@cbre.com

SABRINA SOLOMIANY
First Vice President
+1 404 536 5054
sabrina.solomiany@cbre.com