Piedmont Healthcare announced today it has acquired The Sheffield Building, a 78,000-square-foot medical office building at 1938 Peachtree St., in exchange for two medical office buildings located at 4890 Roswell Road (Roswell) and 3020 Paces Mill Road (Vinings), and an undisclosed amount of cash. The seller is Sheffield Properties LLC (Universal Health Realty Income Trust), which has owned the building since November 1999. It was built in 1963.

“We have looked at acquiring this building many times over the years. It is a significant piece of property on the Piedmont Atlanta campus that Piedmont Healthcare didn't own,” says Kevin Brown, president and CEO of Piedmont Healthcare. “We’re happy to have this piece in place.”

Piedmont will continue as the master tenant at the Roswell and Vinings locations and will provide property management services to all three locations.