News Release: New Atlanta-area medical office building opens

Commercial real estate developer Duke Realty and Northside Hospital recently held a grand opening celebration for the new 100,797-square-foot Northside-Cherokee Towne Lake MOB

The new Northside-Cherokee Towne Lake Medical Office Building houses a wide range of healthcare services and physician practices, representing numerous medical specialties. (Photo courtesy of Duke Realty)

WOODSTOCK, Ga., Sept. 18, 2013 – Duke Realty has completed development of Northside Hospital’s new 100,797-square-foot, four-story Northside-Cherokee Towne Lake Medical Office Building (MOB) and the facility is now open for business.

The MOB is at 900 Towne Lake Parkway in Woodstock, about 25 miles north of Atlanta.  The MOB is being leased solely by Northside Hospital and houses a wide variety of outpatient healthcare services and physician practices, representing numerous medical specialties.

The MOB has an adjacent three-story, 350-space parking garage, which complements 159 surface parking spaces. The MOB is located about four miles south of Northside’s Holly Springs Medical Campus and 11 miles south of the future home of the Northside Hospital-Cherokee replacement campus. The MOB is owned by Duke Realty Towne Lake Development LLC, a wholly-owned entity of Duke Realty Limited Partnership. The MOB is Class A and has been submitted for Leadership in Energy and Environmental Design® (LEED) Certification from the U.S. Green Building Council as an environmentally-friendly facility.

“We are excited about this new facility and the increased access it will provide the community to the high-quality health care services they have come to expect from Northside,” says Billy Hayes, CEO of Northside Hospital-Cherokee. “This new campus is sure to be a valuable healthcare resource to the citizens of the south Cherokee (Towne Lake and Woodstock) areas.”

“The new medical office building is conveniently located at the highly visible northwest corner of Interstate 575 and Towne Lake Parkway,” says Deeni Taylor, Duke Realty Executive Vice President for Healthcare. “We were pleased to partner with Northside Hospital to develop a beautiful, new community asset that will deliver superior healthcare.”

The architect for the project was Lyman Davidson Dooley Inc. and the general contractor was Brasfield & Gorrie.

About Northside Hospital

The Northside Hospital healthcare system is an 838-bed, not-for-profit healthcare provider with more than 80 locations across Metro Atlanta, including three acute care, state-of-the-art hospitals in Atlanta, Cherokee and Forsyth. Atlanta consumers have voted Northside their “Most Preferred Hospital for Overall Healthcare Services” in the National Research Corporation’s annual Healthcare Market Guide for 16 consecutive years. More than 2,200 physicians and 10,000 employees serve nearly 700,000 patient visits annually across a full range of medical services. For more information, please visit www.northside.com.

About Duke Realty

With more than 22 years in the industry, Duke Realty’s healthcare team offers proven experience in providing hospitals and physician groups comprehensive planning, development, ownership and facility management services. Projects have ranged from small medical office buildings to large ambulatory care centers with diagnostics, oncology and surgery services. To find out more, please visit www.dukerealty.com/healthcare. Duke Realty owns and operates approximately 148 million rentable square feet of industrial and office, including medical office, space in 18 major U.S. cities. The medical office portfolio includes 73 existing properties totaling 5.6 million square feet, plus 13 buildings totaling 1 million square feet in the development pipeline. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com – 30 –   Duke Realty www.dukerealty.com/healthcare