SG Property Services Buys Greater-Atlanta MOBs
- Jun 23, 2017
SG Property Services has acquired Johns Creek Medical and The Swan Building, two medical office buildings in North Fulton County, Ga., in the greater Atlanta area, for a combined $11.9 million. Jodi Selvey of Colliers represented the owner of Johns Creek Medical, while Lee Asher of CBRE represented the owner of The Swan Building. The two properties total 55,664 square feet and were sold by physician owners.
Located at 6918 McGinnis Ferry Road in Johns Creek, Ga., Johns Creek Medical was fully leased at the time of sale by a single tenant, a children’s medical service provider. The 10,771-square-foot property sits across from Emory Johns Creek Hospital and is near retail amenities at Johns Creek Town Center.
Located at 4165 Old Milton Parkway in Alpharetta, Ga., just off Route 120 and near Alpharetta Commons Shopping Center, the Swan Building has multiple tenants, including a plastic surgery center. SGPS plans to fill the remaining vacancies of the 44,893-square-foot Alpharetta facility with a focus on medical users and renew existing tenants with long-term leases.
“The Swan Building is a true, value-add investment due to the opportunity to lease-up existing vacancy,” said Paul Shailendra, president of SGPS, in prepared remarks.
Image courtesy of SG Property Services