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Newmark Grubb Knight Frank (NGKF) Global Healthcare Services is pleased to announce that it has been appointed the exclusive leasing agent for a medical office project to be built in Atlanta’s booming Central Perimeter submarket, offering best-in-class access and visibility from GA 400 in one of the area’s most active districts. NorthPlace Medical is currently in development by Childress Klein and MidCity Real Estate Partners and is due for completion in early 2019.
The NGKF Global Healthcare Services team of Todd Perman, Dana Hamric, and Chris Witcher will handle pre-leasing on behalf of Childress Klein and MidCity for the project located at the northeast corner of Barfield Road and Mt. Vernon Highway. According to the team, NorthPlace Medical offers the flexibility to meet the needs of Atlanta’s medical community, offering both low-density and high-density options. In addition, as the project moves forward, there will be opportunities for complementary retail uses on the ground floor.
NorthPlace Medical will reside in the burgeoning Barfield medical corridor that has become the prime off-campus option for healthcare providers looking for proximity to “Pill Hill” combined with the direct accessibility, amenity base and visibility of the Barfield corridor. Central Perimeter’s off-campus Class A medical office vacancy rate is at an all-time low. The addition of NorthPlace will offer healthcare providers the opportunity to provide their patients convenient and easily accessible healthcare.
The new building is also being planned to provide improved access for outpatient services with convenient ambulatory drop-off areas and immediate access to the exclusive on-site parking that will include a variety of parking options, including surface, covered structured and underground.
“We’re targeting the key Atlanta-area health systems and large physician practices that will benefit from the unparalleled access and visibility that NorthPlace will offer,” said Dana Hamric, managing director of NGKF.
“We look forward to working with the Global Healthcare Services team and utilizing their deep base of connections and deep understanding of the healthcare community,” said Kirk Demetrops, president of MidCity Real Estate Partners.
“As we seek to complete a quick pre-lease of the building, the NGKF team will be key in delivering a best-in-class medical office facility to serve the Metro Atlanta region,” said Gordon Buchmiller, Atlanta managing partner of Childress Klein.
About Childress Klein
Childress Klein is a full service real estate company operating in the southeastern United States since 1978. The partners of Childress Klein have been responsible for the development, leasing and management of more than 40 million square feet of office, industrial, retail, multifamily, and self-storage properties throughout Virginia, Tennessee, North and South Carolina, Georgia and Florida. The Company’s primary offices are located in Charlotte and Atlanta. As one of the largest real estate firms in the Southeast, Childress Klein is experienced in the development, management and leasing of a wide variety of product types. The Company’s office developments include suburban office parks, 1 million+ square foot high-rise office towers, and corporate campuses. Industrial experience ranges from small flex buildings to multi-million square foot distribution parks. Retail properties include community centers, large-scale lifestyle centers and mixed-use developments. Childress Klein serves residential markets with products including luxury garden and high-rise apartments as well as multi-level self-storage facilities. With a team of nearly 300 professionals, a current portfolio exceeding 25 million square feet and real estate assets valued in excess of $1 billion, Childress Klein has the expertise and resources to undertake any project. For more information, visit www.childressklein.com.
About MidCity Real Estate Partners
The NorthPlace project extends MidCity Real Estate Partners’ active presence in the Central Perimeter. Earlier this year, MidCity completed the Focus Brands’ headquarters in a 63,000- square-foot transaction at MidCity Plaza. In October, MidCity completed the redevelopment of Hammond 400, a site located at Barfield Road, Hammond Drive and GA 400, which includes six build-to-suit buildings. Thomas Eye Group was the first of many users to locate at the project. Subsequently, MidCity completed transactions with the Georgia Association of Realtors, Kavali Plastic Surgery, Northside Pediatrics, The John Hardy Group and Premier Image Cosmetic & Laser Surgery. In addition to the Hammond 400 project, MidCity Real Estate Partners sold its 46,000-aquare-foot medical building on Barfield Road to Northside Hospital and Laureate Medical Group. MidCity also redeveloped the adjacent parcel for the international headquarters of JAS Worldwide, a leader in the freight forwarding market. Delivered in 2011, the three-building campus totaling 90,000 square feet includes a state-of-the-art data center, custom interiors and hotel quality rooms for their international employees and visitors. 3 Also in the Central Perimeter, MidCity’s predecessor company, The Griffin Company, developed Two Premier Plaza, the Internet Security Systems (IBM) headquarters, Byers Engineering headquarters, and Perimeter Place office building. For more information about MidCity Real Estate Partners, visit http://www.midcitypartners.com/.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.