SK Commercial Realty Signs Lease Achieving 100 Percent Occupancy Eighteen Months Post Acquisition
ATLANTA, May 4, 2018 — SK Commercial Realty announces today it has signed a 18,000 square foot lease with Maternal Gynerations at 600 Professional, a 45,000 square foot medical office building located near Gwinnett Medical Center in Lawrenceville, Georgia. This transaction brings 600 Professional to 100% leased and occupied.
“Our goal at the time of the acquisition was to offer aggressive lease terms and to provide the medical community surrounding Gwinnett Medical Center with a great value in a quality medical office building,” said Hugh Scott, III, CEO, SK Commercial Realty. Maternal Gynerations is a 12 provider OB/GYN practice serving Lawrenceville and Gwinnett county since 1983. “With the building now at 100% leased and occupied we can move forward with realizing the value that we’ve been able to create,” said Scott.
SK Commercial Realty, in a joint venture with Compass Real Estate, acquired 600 Professional in September of 2016 when the building was 49% leased and occupied.
Jeff Fortner of SK Commercial Realty represented the landlord in the transaction and James L. Rhoden III of Macallan Real Estate Group represented Maternal Gynerations.