Anchor Health Properties recently closed an off-market transaction involving a three-story, 40,000 square foot Class A medical office building (MOB) and adjacent land site slated for a subsequent Phase II MOB development.
Located in the Lawrenceville submarket of Atlanta, Georgia, the properties are strategically positioned in the medical cluster surrounding Northside Hospital Gwinnett, a regional hospital with 353 acute care beds.
The 100% leased MOB features anchor tenancy from Northside Health and Fresenius Medical Care. Other key tenancy includes Georgia Nephrology, Palmetto Infusion, Amedisys Home Health and Gwinnett Pediatrics.
To optimize the strategic value in the properties, the off-market transaction also includes a planned second phase development of a three-story, 40,000 square foot medical office building on the adjacent outparcel. Through an extended due diligence period, Anchor leveraged its integrated development, asset management and investments platforms to program and pre-lease the anticipated outpatient facility. Financial terms of the deal were not disclosed.
Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities. Anchor has more than $1.5 billion of completed development projects, 9 million square feet under management and nearly $3 billion invested in healthcare facilities. Anchor’s Chestnut Healthcare Fund II is a discretionary equity investment vehicle co-managed with Chestnut Funds.
According to data captured in the LevinPro HC database, this represents the 80th MOB transaction of 2023. This is a slight increase from last year, when there were 76 MOB deals announced between January 1, 2022, and May 12, 2022.
