News Release: Cushman & Wakefield to Oversee Leasing at Two Medical Offices Buildings

Cushman & Wakefield to Oversee Leasing at Two Medical Offices Buildings on Behalf of Caddis Healthcare Real Estate

Buildings in Buckhead and Marietta Total 97,645 Square Feet

ATLANTA, October 26, 2020 – Cushman & Wakefield has been retained to oversee leasing two medical office buildings totaling 97,645 square feet on behalf of Caddis® Healthcare Real Estate. George Olmstead and Brandon Wallace of Cushman & Wakefield will lease the buildings. Caddis is a top ten national healthcare real estate development, management, and investment firm based in Dallas with regional offices across the US, including Atlanta. Caddis successfully owns or manages over 70+ medical properties totaling over 4M+ square feet across 14 states which are valued over $1B.

“Caddis launched our investment in the Atlanta market back in 2014 with the acquisition of a medical office building in College Park,” said Caddis’s CEO and Managing Partner, Lance M. Hardenburg. “Since then, we have added seven healthcare properties in the metro Atlanta area including the development of two Heartis® senior living facilities completed in 2018. We have plans to continue investing in Atlanta as a high growth market.”

In Buckhead, Olmstead will lease a 76,382-square-foot building located at 2045 Peachtree Road, which recently underwent a major renovation including enhanced common areas, new HVAC equipment, a new roof and a new covered parking garage which is currently under development and due to deliver by the summer of 2021. The property’s new landscaped plaza will be shared with Caddis’ neighboring upscale 213-unit senior living facility, Heartis Buckhead, which is currently under construction and slated for completion in 2022.

“With the recent renovations to 2045 Peachtree and an under construction Class A senior living facility on the same site, now is an ideal time for prospective tenants to consider this solid, renovated medical office building in a premier location for their 2021/2022 space needs,” Olmstead said.

In Marietta, Wallace will lease a 21,263-square-foot building located at 620 Cherokee Street, a new building which was delivered in 2019. The property features a convenient location near Wellstar Kennestone Hospital and its new Emergency Department and includes surface and covered parking.

“620 Cherokee sets the new standard for medical space with its patient and tenant-centric design,” Wallace said. “Only one shell space remains in this building, and we anticipate this space will lease quickly.”

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.
About Caddis

Caddis® is a national real estate development, management and investment firm focused exclusively on healthcare real estate. The firm is comprised of experienced real estate professionals across various disciplines that provide clients with expertise in development, acquisition, financing, construction management, leasing, tenant representation, property management and accounting. Since its inception, Caddis has developed or acquired nearly 5 million square feet of medical assets valued in excess of $1 billion. In its annual Construction and Design Survey, Modern Healthcare magazine recognized Caddis as a top ten largest healthcare development company in the United States. For more information about Caddis, please visit www.Caddis.com.

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For Further Information Contact:
Savannah Durban
Senior Communications Specialist, Central Region
+1 404 853 5371
savannah.durban@cushwake.com