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ATLANTA, GA - PM Realty Group (PMRG), a national, full-service commercial real estate firm, has been hired by Universal Health Realty Income Trust (UHT) to manage and lease three metro Atlanta properties: the Sheffield Medical Building and the Southern Crescent Centers I and II.
PMRG will assume management and leasing of these buildings on July 1st, according to Bill Weghorst, senior vice president and director of PMRG’s Atlanta region.
“Collectively accounting for 167,000 of rentable square feet of metro Atlanta commercial medical space, this sizable assignment speaks to the expansion of PM Realty Group’s Atlanta office,” Weghorst said. “Being hired by Universal Health Realty Income Trust – a publicly traded REIT that has investments in many healthcare and human service facilities located in fourteen states – further enhances our medical portfolio.”
Located at 1938 Peachtree Road near Piedmont Hospital, the Sheffield Medical Building has approximately 72,000 rentable square feet of office space and is 80 percent leased.
Southern Crescent Centers I and II are located, respectively, at 81 and 83 Upper Riverdale Road in Riverdale, Ga. Built in 1994, Center I has approximately 41,000 of rentable square feet of space. Center II was built in 2000 and has 57,000 rentable square feet of space.
With the addition of the UHT assignment, PMRG’s Atlanta region now leases, manages and/or provides engineering services for approximately 19 million square feet of commercial real estate. |