ATLANTA, July 11,
2023 /PRNewswire/ -- Representatives from Realty
Trust Group (RTG), Northside Hospital, and Physicians Realty Trust
(NYSE: DOC) joined on June 26 to
celebrate groundbreaking for a new 100,000-square-foot medical
office building in the north Gwinnett community near Atlanta, GA.
Northside Hospital will lease the majority of the new building
and plans to provide a range of specialized healthcare services to
meet the diverse needs of the growing community, including primary
care, family medicine, medical oncology, imaging services,
cardiology, orthopedics, physical therapy, a surgery center
focusing on total joint replacement, and third-party physician
office space.
RTG and Northside began site selection and planning efforts in
2019 and closed on the purchase of the 21-acre site in April 2020. Construction is now underway and the
facility is scheduled to open next summer. While no formal plans
have been announced, the site also provides an opportunity for a
second, future building.
"We knew we wanted to be in or around the Buford/Lawrenceville market and really understood
that Highway 20 was a big growth corridor," RTG Senior Vice
President Charlie Dickhaus said. "We
wanted to secure a property on Highway 20 that not only could
satisfy the needs for the next five years but could satisfy the
needs for a lot longer than that. That's why we ended up purchasing
such a big piece of property that has potential for a second
phase."
RTG will provide project management services for the
construction of the new building, which is being developed and
financed by Physicians Realty Trust, a prominent real estate
investment trust, or REIT, focused on healthcare properties.
Upon completion, RTG will also provide ongoing property
management and leasing support.
For more information about the project, check out this article
from the Gwinnett Daily Post: Northside Gets Underway on Buford
Outpatient Medical Office Facility.
About Realty Trust Group
Realty Trust Group, LLC (RTG) is a nationally recognized real
estate advisory and services firm serving the healthcare and life
science industry since 1998. With objective, accountable, and
trusted expertise, RTG provides innovative healthcare real estate
solutions through a full platform of advisory, development,
transactions, operations, and regulatory compliance services.
RTG acts as an extension of healthcare leadership teams, working
to leverage real estate as a strategic asset to support broader
organizational objectives. In a rapidly changing healthcare
industry, RTG provides real estate strategies that gain market
share, enhance patient experience, and increase speed to market.
These solutions include strategic planning, portfolio optimization,
capital strategies, facility feasibility and development,
transaction support, portfolio management, regulatory compliance,
and other tailored client solutions.
For more information about RTG, visit
www.realtytrustgroup.com, Facebook, and LinkedIn, or call
865-521-0630.
Contact:
Angie Surface
865-684-2891
asurface@realtytrustgroup.com
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