Capital City Real Estate to deliver the mixed-use medical office facility in Q1 2023

JLL Atlanta’s agency leasing team has been selected to lease Midtown Medical on Ponce, a 150,000-square-foot, mixed-use, medical office building (MOB) in Midtown Atlanta. JLL Vice President Will Tyler is leading marketing efforts for the facility’s office component, which includes 80,000 square feet of Class-A space. Developer Capital City Real Estate is set to deliver the project in Q1 2023.

Located at 272 Ponce De Leon Avenue, Midtown Medical on Ponce is positioned in the heart of Atlanta’s business and commercial district and offers convenient access for patients and employees. The MOB is just minutes away from major Atlanta highways, I-75, I-85, I-20 and Freedom Parkway; and within a 10-minute walk to the North Avenue MARTA Station and a 15-minute walk to the Atlanta BeltLine’s Eastside Trail. To enhance accessibility, the building will feature easy ingress and egress drop-off areas for patients.

The top five floors of Midtown Medical on Ponce will consist of highly efficient, customizable, 16,000-square-foot floorplates that can accommodate a variety of services and modalities. The MOB’s top floor will be designed for surgical procedures. Additionally, the mixed-use development will feature street-level retail and a spacious ground-floor atrium including a cafe area.

“Midtown’s rapid growth and population boom has created the need for modern healthcare solutions that meet people where they are,” said Tyler. “Midtown Medical on Ponce is the ideal opportunity for medical office users looking to provide a unique patient experience that offers the flexibility to grow. Atlanta undoubtedly needs more boutique medical office space, and we’re confident this MOB will be attractive to both established and start-up practices looking to solidify a presence in the city’s most active, urban neighborhood.”

In recent months, COVID-19 has driven significant industry change. According to JLL’s 2020 Healthcare Outlook, MOB investment is well-positioned to remain strong in a post-COVID environment – particularly in a market like Atlanta, where the demand for medical office space outweighs supply. Notably, Midtown Medical on Ponce is the only active or under-construction MOB for third-party leasing on the market in Downtown and Midtown Atlanta.

“Midtown Medical on Ponce will positively impact the market and surrounding neighborhoods by filling the void for convenient, accessible and modern medical services,” said Aaron Fortner for Capital City Real Estate. “Atlanta has been waiting far too long for innovative medical office space like this to hit the market, and our team is eager to begin bringing this MOB to life.”

Cooper Carry, one of the nation's most dynamic mixed-use design firms, is the architect for the project. In the past five years, Cooper Carry’s Office studio has designed more than 16 million square feet of corporate and medical office space, including various medical office properties in Atlanta.

"Midtown Medical on Ponce is a true mixed-use environment encompassing housing, retail and office, which allowed Cooper Carry to source experts from each of those studios within our firm to deliver a seamlessly connected project," said Pope Bullock, Principal at Cooper Carry. "We are delighted to partner with Capital City as their architects for this unique destination. This project will serve as a significant link between Peachtree Street and Ponce City Market, as the area continues its city-defining growth trajectory."

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.