BEST of MOBATL - Gwinnett Professional Center I

Gwinnett Professional Center I

601-A Professional Drive

Lawrenceville, GA 30045

Northeast Atlanta Submarket

Gwinnett Professional Center is a 60,040 rentable square foot, three story medical office building constructed in 1985 and last renovated in 2007. The northeast Atlanta location is on the hospital campus of Gwinnett Medical Center, the dominant health care provider in the county. In 2006, the hospital campus received certificate of need approval for an $88 million expansion to include growth to 429 beds. The property has an on-site pharmacy, ample free surface parking, first floor space available and 20,000 RSF floor plates. Great access to area neighborhoods and business districts via Hwy 318 and Interstate 85.

MOB Northeast Atlanta Market Report - 3Q 2009

For healthcare providers looking to lease space in medical office buildings (MOB), Northeast Atlanta it is a “buyers” market. Vacancies have remained over 20% for the past two years creating an environment where most landlords are prepared to negotiate great deals. In the mid 2000’s vacancy rates where stable around 11%. During this period, as new medical office buildings were completed, tenants expanding and new practices were opened at a pace that absorbed all the new space. However, in 2007 with the delivery of over 300,000 square feet of new medical office buildings and absorption of only 100,000 square feet, vacancy rates spiked by over 7% points. Negative absorption, (a net loss in total square feet occupied) in 2008 and 2009 has pushed vacancy rates to over 22.5% in 3rd quarter 2009. We anticipate this trend to stabilize in 2010 as favorable lease terms and supporting demographics create greater demand for vacant space.

BEST of MOBATL - Doctor's Center Four

Doctor’s Center Four

5673 Peachtree Dunwoody Road
Atlanta, GA 30342

Central Perimeter Submarket

Immediately adjacent to the Hospital Building. Enhanced access to a full range of specialists, from allergists and cardiologists to obstetricians and surgeons. Features an expanded pedestrian plaza with potential retail space and direct access to the MARTA Medical Center Station and Saint Joseph's campus. Newly added underground staff circulation corridor for physicians and employees. Class A finishes throughout.

MOB Deliveries at Historical Lows

Metro Atlanta - Medical office building deliveries decline to historical lows.  After the building boom of the late 2000’s peaking in 1st quarter 2007 with 553,000 square feet, deliveries are projected to be 100,490 square feet in 4th quarter 2009 and 34,060 square feet in 1st quarter 2010 and 127,000 square feet in 4th quarter 2010.  The seven buildings that are scheduled to be completed include: