BGO and Anchor Health Properties Acquire Final Medical Outpatient Building Within Newnan Professional Center Campus
Further strengthening their position in one of the Southeast's most dynamic healthcare markets, BGO and Anchor Health Properties recently closed on a two-story, 40,431 square foot Class A medical outpatient building in the high-growth submarket of Newnan, Georgia. The off-market acquisition represents the fourth investment within BGO and Anchor’s existing joint venture.
Opened to patients in 2020, the facility is strategically located at 2201 Newnan Crossing Boulevard within the Newnan Professional Center and adjacent to the 217-bed Piedmont Newnan Hospital. Nearly fully occupied, the property marks Anchor Health Properties' third acquisition within the Newnan Professional Center, following the purchase of the campus's first two medical outpatient buildings in 2019. The acquisition increases BGO's healthcare real estate footprint through its joint venture with Anchor Health Properties and further strengthens Anchor’s presence on the campus, creating a coordinated, multi-specialty healthcare destination that supports seamless patient access, provider collaboration, and referral connectivity with neighboring Piedmont Newnan Hospital.
The asset is anchored by OrthoAtlanta, one of the Southeast's largest orthopedic and sports medicine practices, with twenty-two locations across Georgia and a longstanding partnership with Piedmont Healthcare. Additional tenants provide a diverse mix of complementary healthcare services, including ophthalmology, vascular surgery, pediatric gastroenterology, dental care, prosthetics and orthotics, and hospice services, further enhancing the campus's ability to deliver comprehensive, patient-centric care.
"This acquisition reflects our continued conviction in the greater Atlanta market and our commitment to growing our presence in strategically selected healthcare corridors throughout the region," shared Elliott Sellers, Senior Vice President, Investments & Partner with Anchor Health Properties. "Newnan continues to benefit from strong population growth, favorable demographics, and expanding demand for high-quality healthcare services. By acquiring the final medical outpatient building within the Newnan Professional Center, we have further strengthened our relationship with prominent local provider groups while creating additional opportunities to support patients within this thriving community. We remain optimistic about our acquisition pipeline and look forward to building on this momentum throughout the remainder of the year."
“Expanding our medical outpatient footprint in the Atlanta MSA alongside Anchor Health Properties reflects our continued confidence in both the market and the strength of our partnership,” said Kevin Yen, Principal, BGO. “Newnan Professional Center plays a mission-critical role in serving the healthcare needs of a rapidly growing community, and the acquisition of 2201 Newnan Crossing Boulevard further aligns our platform with high-quality, purpose-built assets in strategic healthcare-oriented hubs.”
Michael Lipton with Colliers International (Atlanta) represented the seller in the transaction. As the new owner of the facility, Anchor Health Properties will provide go forward asset and property management services to the joint venture for this investment.