News Release: Just Closed – Union Park (Atlanta)

Capital Markets | Healthcare & Life Sciences

Just Closed

Medical Conversion Opportunity Near Major Medical Hub

Transaction Highlights

Date Closed 2/17/2023

Size 178,739 SF

Occupancy 65%

Union Park | Atlanta, GA

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Union Park (the ‘Property’) in Atlanta, Georgia. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, Cole Reethof and Josiah Gunter acted as the seller’s exclusive advisors.

Union Park is a four building medical office conversion opportunity strategically located a mile from “Pill Hill,” one of the largest concentrations of healthcare facilities in the Southeast. The well-known medical hub includes Northside Hospital (621-beds), Emory Saint Joseph’s Hospital (410-beds), Children’s Healthcare of Atlanta at Scottish Rite (319-beds) and is home to hundreds of independent physician practices. The Property benefits from convenient surface parking and exceptional access to I-285 and GA-400, while also offering an idyllic setting for both patients and providers. Growing demand for medical office space within Atlanta’s central perimeter submarket has led to nearly 20,000 square feet of leasing for clinical uses at the Property over the last 12 months, setting the stage for this conversion opportunity.

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

For more information, please contact:

Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965

Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412

Jordan Selbiger
First Vice President
Investment Properties
+1 404 923 1259

Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740

Cole Reethof
Director
Investment Properties
+1 404 504 7864

Josiah Gunter
Associate Director
Investment Properties
+1 404 504 7936

cbre.com/cm-healthcare