Montecito Medical, a leading buyer of medical office properties nationwide, has acquired a 32,853-square-foot medical office building in Stockbridge, Georgia, a southeast suburb of Atlanta.
The recently opened building, which includes an ambulatory surgery center with two operating rooms, is 100% occupied by Urology of Greater Atlanta.
“We are thrilled to add this brand-new property to our portfolio and to enter a long-term relationship with one of the region’s leading and most forward-thinking specialty provider groups,” said Rus Gudnyy, Senior Vice President of Investments at Montecito Medical.
Urology of Greater Atlanta is the market-dominant provider in its specialty and one of only three private urology practices in the area with more than 10 physicians. The group operates five other locations throughout the Atlanta area.
The Stockbridge property represents Montecito’s tenth medical office acquisition in Georgia since the beginning of 2022. “We continue to be drawn to outstanding opportunities in the greater Atlanta area and are working to make the most of them,” said Chip Conk, CEO of Montecito Medical.
