News
ACKERMAN, MARCUS BUY MOB
February 16, 2011
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| It's official. Ackerman & Co, in partnership with Boston-based Marcus Capital Partners, purchased Marietta Medical Center(above), a 98,500 SF MOB at 790 Church St. in Marietta, adjacent to WellStar Kennestone Hospital. The group purchased it for $10.1M, as Ackerman's Kris Miller previously told his investor conferencemembers last month. Marcus used its Marcus Capital Partners Fund I, a $250M commingled real estate fund. This is a clear value-addplay as the MOB is 53% leased and Ackerman will take the lead in re-leasing the facility. |
