Woodside Health has acquired Research Court, an 80,000-square-foot medical office building (MOB) in Suwanee, Georgia. This marks Woodside Health’s third acquisition in the Atlanta MSA and the 49th addition to its portfolio.
Crossgate Partners sold the asset for an undisclosed price.
Research Court encompasses two one-story buildings built in 2001 on a 6.4-acre site. The asset was 88% occupied at the time of the sale with its roster featuring medical and office tenants. The property is 30 miles from downtown Atlanta and has access to State Route 141.
The property previously traded in 2020 when Crossgate bought it from Alta Properties for $10 million, financing the purchase with a $6.6 million loan from Delta Community Credit Union.
Woodside Health is a medical office building acquisition and management firm based in Cleveland.
According to data captured in the LevinPro HC database, this acquisition represents the 44th MOB transaction of the year. There were 45 MOB deals announced between January 1, 2022, and March 13, 2022.
