CBRE has announced the sale of Northwest Medical Center, a four-story, 149,202-sq.-ft. medical office building in Buckhead, an upscale neighborhood of Atlanta. A joint venture between Harrison Street and HealthAmerica Realty Group sold the property for an undisclosed price. Lincoln Advisors, an affiliate of Dallas-based Lincoln Property Company, acquired the property.

Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett and Cole Reethof with CBRE represented the sellers and procured a buyer. 

“CBRE was able to source a buyer who was comfortable closing in the midst of multiple large-scale projects, including a major tenant build-out on the terrace level and construction of an additional parking structure on the north side of the property. During ownership, the sellers successfully completed a major repositioning of the building, returning the facility to a premier medical office building in the Buckhead submarket,” said Mr. Asher, Vice Chairman with CBRE’s Healthcare & Life Sciences Capital Markets practice in Atlanta.

Located at 3280 Howell Mill Road, Northwest Medical Center is currently 81 percent leased to 25 tenants with a weighted average remaining lease term of approximately 9.4 years. The tenants of Northwest Medical Center offer a diverse range of complementary services including internal medicine, dermatology, gastroenterology, orthopedics, OB/GYN, physical therapy, dentistry, concierge medicine, oral surgery, ENT, plastic surgery, periodontics, and imaging.