Anchor Health JV Buys Atlanta-Area Property – Commercial Property Executive

Deborah K. Vick

11315 Johns Creek Parkway. Image courtesy of Anchor Wellness Attributes

Anchor Wellbeing Houses, in a joint enterprise with Chestnut Healthcare Fund II, has acquired a 96,357-square-foot setting up in Johns Creek, Ga., that had been partly repurposed for clinical place of work use. The seller was a non-public entity formed by six of the property’s tenants. Money One particular supplied credit card debt financing for the off-market place acquisition.

According to CommercialEdge information, the asset formerly altered palms in 2019 when it was acquired for $11 million. The invest in also involved a $15 million bank loan from Synovus Financial institution.

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Done in 1998, the Class A, four-story residence is a former commercial business making that will be absolutely converted to clinical business office room. Anchor Wellness will oversee the conversion method and execute a capital advancement approach that functions the renovation of the lobby and other popular places.

The tenant roster consists of Heart & Vascular Care, United Digestive, Pandya Health care Centre, Luna Plastic Surgical treatment and Milan Eye Middle. These tactics will be joined by more health-related vendors these as Digital Imaging, Nile Women’s Well being Treatment and Cleaver Professional medical Team.

The house is found at 11315 Johns Creek Parkway, 30 miles from Atlanta and just one particular mile from Emory Johns Creek Hospital. Other healthcare facilities in the area contain Johns Creek Dermatology, American Health Imaging Johns Creek and Atlanta Eyesight Institute, between some others.

Senior Vice Presidents Michael Lipton and Josh Gregory of Colliers, as perfectly as Transwestern Senior Running Director Steve Corridor, Controlling Director John Lopez and Senior Associate Bo Stuart, were portion of the transaction procedure.

Anchor Health’s portfolio growth

CommercialEdge information shows Anchor Wellness owns 224 clinical office structures throughout U.S., totaling close to 13.7 million square toes. In the to start with component of the 12 months, the business expanded its California footprint with the acquisition of two medical workplace properties, totaling a lot more than 110,000 square feet, in Los Angeles and the Bay Spot.

Two other transactions just lately closed in Florida, in a joint enterprise with Harrison Road. The partnership acquired a 95,777-square-foot home in Plantation and, earlier this month, a 31,886-square-foot healthcare business office creating in Delray Seashore.

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