SK Commercial Realty has brokered the sale of Building One | 620 Cherokee Street, Marietta, GA., a. Class A multi-tenant healthcare medical office building in their two- building development in Northwest metro Atlanta. This new modern medical office building completed in November 2019, was acquired by Caddis Partners. SK Commercial Realty’s (SKCR) Todd Cohen, President of SK Project Consulting, was the Owner’s project manager. Integra Construction was the General Contractor, Lyman Davidson Dooley were the architects and Kimley Horn were the engineers.
The current tenants are all premier orthopedic medical and physician practices; OrthoAtlanta, Georgia Hand, Shoulder & Elbow and NMotion Hand and Physical Therapy. Located near WellStar Kennestone Hospital and adjacent to WellStar’s new ER. 620 Cherokee Street was 87% leased at the time of the sale.
“This was an excellent opportunity for the buyer to acquire the market’s highest-quality medical office building, said SKCR Principal Tom Kirbo, who oversaw the development and ownership of the project. “620 Cherokee, with its strong tenant lineup and strategic location, is poised to meet the rising healthcare demand in this high-growth market while generating strong, reliable income for the buyer for years to come.”
Building Two | 660 Cherokee Street – Construction began in November 2019 on SKCR’s second project 660 Cherokee Street. 660 Cherokee is a 3-parcel assemblage, +/- 35,500 SF medical office professional building scheduled to deliver in September 2020.
About SK Commercial Realty
With offices at 900 Circle 75 Parkway in Atlanta, SK Commercial Realty has approximately 3 million square feet of space under lease and management, including: Circle 75 Office Park, Perimeter Crossing, Paces Pavilion, Mansell Three, Doctors Center Four at Emory/Saint Joseph’s Hospital, Hartsfield Center, and The Commons at Lake Hearn. along with properties in Texas and Florida.
SK Commercial Realty is a full-service commercial real estate firm located in Atlanta, Georgia. SK Commercial Realty offers office and healthcare brokerage, investments sales, project consulting, and property and asset management. For more information please call 404-252-1200 or visit the company website at www.skcr.com
