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June 24, 2020

Ackerman Medical Completes 14,210 SF Lease with Piedmont Healthcare

VP of Investment Sales Brett Buchwald completes lease at Class A medical office building in Newnan, Ga.

ATLANTA, June 24, 2020 – Ackerman Medical, the healthcare real estate group of Ackerman & Co., has completed a 14,210-square-foot lease at 20 Francis Way, a three-story Class A medical office building in Newnan, Ga.

Brett Buchwald, Vice President of Healthcare Investment Sales for Ackerman Medical, represented ownership in the lease with Piedmont Healthcare. The lease includes space for three Piedmont Healthcare practices – Piedmont Rehabilitation Center, Piedmont Sleep Center and Piedmont Cancer Institute.

“This lease accommodates the space needs of these healthcare providers in a strategic location between two major hospitals, Piedmont Newnan and Piedmont Fayette,” Brett Buchwald said. “At a time when the coronavirus crisis has led some medical tenants to reevaluate their space needs, this lease is a strong indication of the viability of these practices and this particular location.”

Located directly off Highway 24 between Newnan and Peachtree City, 20 Francis Way is strategically positioned to meet the area’s healthcare needs. Now considered a healthcare hub for metro Atlanta, the city of Newnan’s major healthcare facilities also include the Cancer Treatment Centers of America’s Comprehensive Care and Research Center.

Built in 2008, 20 Francis Way is a 30,000-square-foot facility with 127 parking spaces. Piedmont Healthcare, which occupies the entire medical building, is a leading health system with 11 hospitals, 27 urgent care centers and 34 Piedmont QuickCare locations.

About Ackerman & Co.

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com