Paul Shailendra Of SG Property Services Acquires Medical Office In Atlanta For $30 Million

A medical office asset, Peachtree Palisades, located at 1819 Peachtree Street Northeast in Atlanta, GA, has been sold for approximately $30 million. The property spans 133,000 square feet with a price per square foot of $226. Currently, the building is 75% leased, and around 50,000 square feet have been converted into medical office space. The remaining availability is focused on attracting healthcare tenants amidst significant demand for medical facilities in the Buckhead area.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $30,000,000
• Buyer: Paul Shailendra - SG Property Services
• Seller: Robert Holder - Holder Properties
• Square Footage: 133,000 SF
• Price per Square Foot: $226
• Market: Atlanta, GA

The deal was facilitated by an ownership partnership combining efforts from SG Property Services and Holder Properties, indicating a strategic move to enhance their portfolio within a sought-after market segment. The partnership highlights the increasing trend towards the conversion of office space into healthcare-focused environments, particularly in areas experiencing a rise in demand for medical office space.