CADDIS PARTNERS ACQUIRES MEDICAL OFFICE BUILDING IN METRO ATLANTA

LAWRENCEVILLE, GA. — Caddis Partners LLC has acquired Gwinnett Medical Building, an 81,627-square-foot medical office building located at 575 Professional Drive in Lawrenceville, a northeast suburb of Atlanta. The five-story property is adjacent to Gwinnett Medical Center-Lawrenceville, Gwinnett Health System’s flagship hospital campus. The medical office building houses primary care, ophthalmology, neurology, nephrology, pediatric orthopedics, rehabilitation, laboratories and a pharmacy. Gwinnett Health System comprises a significant portion of the in-place tenancy. The transaction was financed with equity funded internally by Caddis and debt provided by GE Capital, Healthcare Financial Services. Erik Tellefson and Dan Eppley of GE Capital originated the loan. Caddis has tapped Atlanta-based PMRG to handle leasing services for medical office facility.