{"id":1004316617,"date":"2019-04-15T22:03:07","date_gmt":"2019-04-16T06:03:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004316617"},"modified":"2022-03-04T15:23:50","modified_gmt":"2022-03-04T23:23:50","slug":"stable-development-buys-atlanta-area-medical-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/","title":{"rendered":"Stable Development Buys Atlanta-Area Medical Office Portfolio"},"content":{"rendered":"<div id=\"attachment_1004323004\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004323004\" data-attachment-id=\"1004323004\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/3919-carter-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\" data-orig-size=\"805,624\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3919 Carter Road\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;3919 Carter Road&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png?w=805\" loading=\"lazy\" class=\"wp-image-1004323004 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png 805w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004323004\" class=\"wp-caption-text\">3919 Carter Road. <em>Image via Google Maps<\/em><\/p><\/div>\n<p>Stable Development Co. is the new owner of three medical office properties in the Atlanta area, purchased from Academy Orthopedics for $5.3 million. The portfolio\u2014nearly 90 percent occupied\u2014totals 25,643 square feet.<\/p>\n<p>One of the properties is located at 318 Tribble Gap Road in Cumming, Ga. Completed in 1995, the two-story building encompasses 14,643 square feet. The anchor tenant is Academy Orthopedics, taking up roughly 50 percent of the entire portfolio. The other two buildings are located at 3919 and 3929 Carter Road in Buford and date from 2006. The assets house the businesses of Northside Hospital Imaging, Select Physical Therapy and Benchmark Therapy.<\/p>\n<p>Ackerman Medical\u2019s Kris Redding and Andrew Murphy of Highgate Partners represented the seller, while Beau Terrell of Highgate Partners acted on behalf of the buyer.<\/p>\n<p>\u201c<em>This portfolio offers the buyer a strong tenant mix with exceptional credit and steady cash flows thanks to the nearly five-year average remaining lease terms<\/em>,\u201d Redding said in a prepared statement. \u201c<em>The tremendous residential growth taking place in these two micro markets will also help drive future demand for the medical services provided at these three medical facilities.<\/em>\u201d<\/p>\n<p>Last month, Ackerman Medical <a href=\"https:\/\/www.commercialsearch.com\/news\/swan-sells-medical-office-assets-in-atlanta\/\">arranged another medical office building transaction<\/a> in metro Atlanta. The four buildings totaled 80,116 square feet and sold for $18.9 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Academy Orthopedics sold the three buildings located in Cumming and Buford, Ga. The former owner leases more than half of the space.<\/p>\n","protected":false},"author":30,"featured_media":1004323004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21743,21783,21754,21742],"tags":[34655,34381],"class_list":["post-1004316617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-deals","category-investment","category-medical-office","category-latest","tag-ackerman-company","tag-stable-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stable Development Buys Atlanta-Area Medical Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stable Development Buys Atlanta-Area Medical Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"Academy Orthopedics sold the three buildings located in Cumming and Buford, Ga. The former owner leases more than half of the space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-16T06:03:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T23:23:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\" \/>\n\t<meta property=\"og:image:width\" content=\"805\" \/>\n\t<meta property=\"og:image:height\" content=\"624\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Roxana Baiceanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/\",\"name\":\"Stable Development Buys Atlanta-Area Medical Office Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\",\"datePublished\":\"2019-04-16T06:03:07+00:00\",\"dateModified\":\"2022-03-04T23:23:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b9dffbe4e6d3437c6ee209677f7462f2\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/3919-Carter-Road.png\",\"width\":805,\"height\":624,\"caption\":\"3919 Carter Road\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/stable-development-buys-atlanta-area-medical-office-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stable Development Buys Atlanta-Area Medical Office Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b9dffbe4e6d3437c6ee209677f7462f2\",\"name\":\"Roxana Baiceanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0fdcf1e7033393d084453b57cb2a27c3c0ca06d8a4364cfea26825f22b9eb624?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0fdcf1e7033393d084453b57cb2a27c3c0ca06d8a4364cfea26825f22b9eb624?s=96&d=mm&r=g\",\"caption\":\"Roxana Baiceanu\"},\"description\":\"Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. 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