ROSWELL, GA-This Atlanta suburb will be getting a 12,000-sf satellite medical clinic instead of an oriental rug showroom at the former 2.4-acre federal post office property site on Grimes Bridge Road as a result of a quick bidding tussle between the 113-year-old Grady Health System and a local rug dealer.

Grady agreed to pay the City of Roswell $1.4 million or $583,333 per acre for the land. The retailer’s bid of $1.2 million came to $500,000 per acre or $11.48 per sf. Grady’s per-sf-price of $13.39 per sf is considered a premium, area industrial brokers tell Retail-zoned sites generally go for the price Grady paid, they say.

Grady Health System includes Grady Memorial Hospital, an internationally recognized teaching hospital; Hughes Spalding Children’s Hospital, Crestview Rehabilitation Center, 10 neighborhood and airport health centers in Fulton and DeKalb counties, and the only Level-One trauma center within a 100-mile radius, according to the hospital.

Grady CEO Andrew Agwunobi made the hospital presentation to the Roswell City Council. He told council members the hospital had outgrown its 6,000-sf clinic along the Alpharetta Street commercial corridor in Roswell. The clinic’s visits totaled 15,000 in 2004, up from 3,225 in 1993, according to Agwunobi.

He says the hospital plans to invest another $1 million in site improvements and will work closely with the city’s design review board to assure the clinic’s architecture will blend in with the nearby residential neighborhood.

Grady Hospital is named for Henry W. Grady, managing editor of the Atlanta Constitution newspaper in the 1880s, according to Grady Health System’s website. The hospital was initially founded to provide healthcare for low-income families in Atlanta.

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