ATLANTA (Dec. 1, 2014) — SG Property Services has acquired the Oak Hill Medical Portfolio, an eight-building, 70,000-square-foot portfolio that includes properties in Peachtree City, Blairsville and Newnan, Georgia, for $14.5 million. The Atlanta Journal-Constitution reported on the acquisition today.
“This portfolio was attractive because of its strong credit tenants and in place yield, as well as its potential for further development,” said Paul Shailendra, president of SG Property Services. “Newnan has seen substantial healthcare investment by virtue of the newly constructed Cancer Treatment Centers of America and Piedmont Newnan Hospital.”
The properties in the transaction include: 10 Eastbrook Bend in Peachtree City; 1294 Hwy 515 East in Blairsville; and 39 Oak Hill Court Buildings A-D, 110 Oak Hill Boulevard and 60 Oak Hill Boulevard in Newnan.
The buyer plans to quickly complete the lease-up at the buildings. SG Property Services recently completed a lease with Piedmont Medical Care and is evaluating additional tenants.
Lee Asher of CBRE represented the undisclosed sellers in the transaction.
About SG Property Services, a client of The Wilbert Group:
SG Property Services (SGPS) is a full service real estate firm based in Atlanta. The Companycreates value through acquisitions, development, leasing, finance, construction management, asset management and property management. SGPS has successfully sourced quality real estate opportunities in the medical and professional office sector in the broader Metro Atlanta market as well as other select markets in the Southeastern United States. Principals of SGPS have decades of experience in these real estate sectors and have built a strong knowledge, contact and experience base. For more information, visit www.sgpropertyservicesllc.com.