The medical professional buildings were previously owned by twoseparate entities. The new owner plans to operate the properties asone park, according to Roberts CRE, based in Alpharetta.

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In the sale of Woodlawn Commons I for $9.2 million, BradInglesby and Gil Russell of Roberts CRE represented the seller,Woodlawn Commons LLC. In the $2.4-million sale of Woodlawn CommonsII, Howard Workman of Workman & Co. seller East Cobb Partners.John Harrison of Roberts Commercial represented the buyer in bothtransactions, known as Woodlawn Commons Medical Complex LLC, backedby a real estate investment company from Florida.

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The properties, which are located four miles from NorthsideHospital, were built to serve affluent suburban residents who maynot want to travel into Atlanta for medical appointments. Arepresentative of Roberts CRE says the deal might point to a trendof opportunities in which off-campus medical buildings will attractthe attention of both local and institutional investors looking toexpand the horizons of their buying profiles.

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The Woodlawn Commons buildings are currently 85% leased. RobertsCRE will continue to manage and lease the properties, for whichcurrent asking rents for available space are listed on its websitefor $27 per sf. Roberts is a full-service commercial real estatefirm that provides brokerage, property management and developmentstrategies in metropolitan Atlanta and throughout theSoutheast.

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