{"id":1004650718,"date":"2023-03-10T05:09:41","date_gmt":"2023-03-10T13:09:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004650718"},"modified":"2023-06-13T06:06:13","modified_gmt":"2023-06-13T14:06:13","slug":"woodside-expands-atlanta-mob-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/woodside-expands-atlanta-mob-footprint\/","title":{"rendered":"Woodside Expands Atlanta MOB Footprint"},"content":{"rendered":"
\"Research<\/a>

Research Court. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Woodside Health<\/strong> has acquired Research Court, an 80,000-square-foot medical office building in Suwanee, Ga. Crossgate Partners<\/strong> sold the Class B asset. Woodside paid $12.1 million for the facility and financed the acquisition with a $9.8 million loan, originated by Independent Bank, <\/strong>CommercialEdge data shows.<\/p>\n

The property previously traded in 2020, when Crossgate bought it from Alta Properties<\/strong> for $10 million, financing the purchase with a $6.6 million loan from Delta Community Credit Union<\/strong>.<\/p>\n

Research Court encompasses two one-story buildings that came online in 2001 on a 6.4-acre site. The asset was 88 percent occupied at the time of sale, its roster featuring a mix of both medical and office tenants.<\/p>\n

Woodside Health Principal Ben Sheridan said, in prepared remarks, that the property has a significant pediatric therapy component which means the vacant spaces will be leased to pediatricians first. Other tenants include Southern Medical Associates and Fresenious Kidney Care.<\/p>\n

Located at 5000-5050 Research Court, the property is 30 miles from downtown Atlanta and has access to State Route 141. Emory Johns Creek Hospital is less than 1 mile away. Other medical facilities in the surrounding area include American Health Imaging Johns Creek, Northside Johns Creek Hospital and Midwest Medical Enterprises.<\/p>\n

Woodside’s footprint expansion<\/h2>\n

The current acquisition is Woodside’s third in Atlanta MSA and the 49th addition to its portfolio. The company also owns Teron Trace, a Class A, 32,000-square-foot medical office building in Dacula, Ga., and Tree Lane Medical, a 33,000-square-foot, five-building asset in Snellville, Ga.<\/p>\n

The company kicked off 2023 with the recapitalization of a 10-property, 423,0000-square-foot medical office portfolio, in a transaction valued at $140 million<\/a>.\u00a0And, earlier this month, Woodside paid $26.7 million for a 124,000-square-foot medical office campus<\/a> in Henderson, Nev.<\/p>\n","protected":false},"excerpt":{"rendered":"

Research Court marks the company\u2019s third acquisition in Georgia.<\/p>\n","protected":false},"author":2829,"featured_media":1004650721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21783,21754,21742],"tags":[45950],"class_list":["post-1004650718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-investment","category-medical-office","category-latest","tag-woodside-health"],"acf":[],"yoast_head":"\nWoodside Expands Atlanta MOB Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Woodside Health has acquired Research Court, a Class B two-building medical office property in Suwanee, Ga., totaling 80,000 square feet.\" \/>\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\/woodside-expands-atlanta-mob-footprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woodside Expands Atlanta MOB Footprint\" \/>\n<meta property=\"og:description\" content=\"Woodside Health has acquired Research Court, a Class B two-building medical office property in Suwanee, Ga., totaling 80,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/woodside-expands-atlanta-mob-footprint\/\" \/>\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=\"2023-03-10T13:09:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-13T14:06:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Research-Court-e1678439754468.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"987\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/\"},\"author\":{\"name\":\"Madalina Pojoga\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/7ced0369df035c845a1e5d647c62dd7a\"},\"headline\":\"Woodside Expands Atlanta MOB Footprint\",\"datePublished\":\"2023-03-10T13:09:41+00:00\",\"dateModified\":\"2023-06-13T14:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/\"},\"wordCount\":292,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/03\\\/Research-Court-e1678439754468.jpg\",\"keywords\":[\"Woodside Health\"],\"articleSection\":[\"Atlanta\",\"Investment\",\"Medical Office\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/woodside-expands-atlanta-mob-footprint\\\/\",\"name\":\"Woodside Expands Atlanta MOB Footprint - 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