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"The purchase of an additional 7.19 acres provides Wellstar tremendous flexibility for future expansion in a growing market." John Speros, Ackerman & Co.
ATLANTA, GA, May 13, 2022 /24-7PressRelease/ -- Wellstar Health System has purchased 7.12 acres in Cobb County, GA, for $5.4 million in a transaction brokered by the Ackerman/Pioneer Land Advisory Group. The property is located on Winchester Parkway adjacent to Wellstar Vinings Health Park at 4441 Atlanta Road SE.
The Ackerman/Pioneer Land Advisory Group's John Speros, JT Speros and Kyle Gable represented the seller, Winchester Partners LP.
Wellstar purchased three parcels: 4.29 acres at 1250 Winchester Pkwy, 1.37 acres at 1190 Winchester Pkwy and 1.379 acres that is used as Winchester Parkway.
"Wellstar's current footprint is limited to the property bounded by I-285, Atlanta Road and Cumberland Parkway," said John Speros, Senior Vice President, Ackerman & Co. "They currently control approximately 24 acres of land of which approximately 10 acres of it is developed. The purchase of an additional 7.19 acres provides tremendous flexibility for future expansion in a growing market."
One of the largest healthcare systems in Georgia, Wellstar offers 10 hospitals, 18 urgent care locations, 9 emergency departments, 350+ medical office locations, 9 cancer centers, 50+ rehabilitation centers and 5 health parks.
The Ackerman/Pioneer Land Advisory Group has represented numerous owners in land sales for prominent housing and commercial real estate developments, brokering more than $500 million in property sales across the Southeast.
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 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 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com
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