For Immediate Release
Medical Office Building is Currently 96% Leased
JOHN’S CREEK, Georgia, October 6, 2020 – Cushman & Wakefield has arranged the $5.9 million sale of Parsons Meadow Professional Park, a 32,069-square-foot medical office building located in John’s Creek, Georgia. 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.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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