March 28, 2012
Ackerman & Co. Acquisition Winn Medical Center
Atlanta, March 28, 2012 – Ackerman & Co. is proud to announce that it has acquired four medical office buildings totaling 62,000 rentable square feet in the city of Decatur for approximately $3,670,000 from AB Winn Medical LLC (Midland). The complex, known as Winn Medical Center, is located directly across from Dekalb Medical, a prominent hospital system that services the majority of Decatur-area residents.
“In addition its proximity to I-285 and I-85, Winn Medical Center offers easy ingress and egress, plentiful and free parking with a 6/1,000 PSF ratio, and is within walking distance to Dekalb Medical, making it an ideal location for affiliated physicians looking for an off-campus office,” said Chadd Evans, senior vice president of Investment at Ackerman & Co.
Evans, who will be responsible for the overall asset management, oversaw the details of the acquisition on behalf of Ackerman while the Grubb & Ellis team of Paul Johnson, Chris Dundon, Dave Linder and Bob Johnson represented the seller.
Winn Medical Center will continue to serve primarily as medical office space for physician groups, encompassing a wide range of medical specialties including dialysis, home health care, family medicine, cardiology, physiotherapy and speech-language therapy. Fresenius is the largest tenant in the park at 13,000 square feet and also the longest occupant at 20+ years.
Adam Butler will serve as the local point of contact and leasing agent for Winn Medical Center. “We are seeking complimentary tenants,” said Butler. “Top prospective groups include any specialist associated with Dekalb Medical Hospital, dermatology, OBGYN, pediatrics, general dentistry and plastic surgery,“ he added.
Already tenants are recognizing the benefits of leasing across from Dekalb Medical and are taking advantage of Ackerman’s aggressive, below market rates and turnkey improvement allowances. Pediaspeech Services Inc. and North Georgia Medical Transport have respectively signed 1,500-square-foot and 1,400-square-foot leases at Winn Medical Center. Guardian Home Care has expanded its existing space to 2,200 square feet and two additional leases are out for signature.
— ABOUT ACKERMAN —
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired more than 30 million square feet of office, medical, retail and mixed-use space, has nearly 4 million square feet under management, and maintains an investment portfolio valued at $750 million.
The company’s healthcare division, Ackerman Medical, has developed more than 1 million square feet to date and has more than 585,000 square feet of active medical listings.
For more information on Ackerman & Co., visit www.ackermanco.net