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SG Property Services Purchases Medical Office Portfolio in Metro Atlanta for $11.8 Million

ATLANTA, April 21, 2015 (GLOBE NEWSWIRE) -- Atlanta-based SG Property Services has acquired a 60,000-square-foot portfolio comprising three Class A medical office buildings in metro Atlanta for a total of $11.8 million. The properties include Johns Creek Medical building in Johns Creek; Marble Mill Medical Center in Marietta; and Hospital Way in Stockbridge.

"These properties are strategically located and create an appealing environment for healthcare providers as all three Class A buildings are located immediately adjacent to hospital anchors and provide direct access and walkability," said Paul Shailendra, president of SG Property Services. "In addition, we were able to identify tenants within the contract phase of the acquisition to bring the portfolio to more than 95 percent leased."

SG Property Services plans to lease-up the remaining vacancies focusing on specialty healthcare providers.

About SG Property Services:

SG Property Services (SGPS) is a full service commercial real estate firm based in Atlanta. The Company is experienced in acquisitions, development, leasing, finance, construction management, asset management and property management. SGPS has a track record for sourcing quality real estate opportunities in the medical and professional office sector in the broader Metro Atlanta market as well as select markets in the Southeastern United States. Principals of SGPS have decades of experience in these real estate sectors and have built a strong knowledge, contact and experience base. For more information, visit www.sgpropertyservicesllc.com.

CONTACT: For More Information, Contact: Savannah Duncan The Wilbert Group 404-343-0870 (O) 404-901-4433 (C) sduncan@thewilbertgroup.com

Source:SG Property Services