Triad Properties Selects Team for Alpharetta Development – HUNTSVILLE (May 20, 2015) – Huntsville-based Triad Properties plans to construct and develop a four-story, 106,000 square foot, $26 million, Class” A” medical office building, along with an ambulatory care center or urgent care center, on a prime 11.65 acre site located in the City of Alpharetta, a vibrant suburb of Atlanta, Georgia.
With significant and ongoing changes in the healthcare environment, Triad Properties is pleased to announce that a seasoned team of professionals who have depth of experience in this specialized sector have joined together to design and develop the property. In addition, the project leasing team has an extensive track record of specializing solely in healthcare real estate. The team is truly exceptional.
Triad Properties has recently completed the development of $57 million of medical office buildings located on the campuses of Huntsville Hospital, Madison Hospital and Athens-Limestone Hospital. In addition to providing property management real estate services for these properties, Triad Properties’ brokerage team is responsible for the project leasing.
In addition, Triad Properties has participated in the development of a number of properties in Alpharetta, including buildings developed for Travelers Insurance, Hartford Insurance, and Nortel.
Complex systems, rapidly-changing technology, and occupied campuses often make hospital and healthcare projects some of the most challenging to construct.
Choate Construction specializes at being at the forefront of technologically complex hospital and healthcare projects. Choate has constructed ambulatory surgery centers, acute care facilities, medical office buildings, cancer treatment centers, research and biomedical laboratories, hospital campuses, and medical education facilities.
With locations in Atlanta, Charleston, Charlotte and Raleigh, Choate is an award-winning general contractor that has completed over 400 healthcare construction projects totaling more than 2.8 million square feet.
Smallwood, Reynolds, Stewart, Stewart (SRSS) is an internationally established design firm providing innovative professional services for corporate, commercial, hospitality, healthcare, residential, industrial, government and educational projects. Founded in 1979, the firm is headquartered in Atlanta, Georgia, with additional offices in the Republic of Singapore, Shanghai, P.R.C. Dubai, U.A.E.
SRSS designed, and Choate constructed, the recently completed Phase I of Alpharetta’s new “City Center”. Covering 25 acres, Alpharetta’s City Center has been designed to create a more walkable downtown filled with restaurants, boutiques, apartments and single family homes. Phase I consists of a $30 million development anchored by a new 50,000 SF City Hall and includes the Fulton County Library, a 450 space structure parking deck, and Town Green, a 5 acre park for community recreation and gathering. Phase II is planned to be an $80 million mixed-use development consisting of 220 housing units, 75,000 SF of restaurants and retail space and 33,000 SF of office.
Wolverton and Associates, an Atlanta-based engineering firm, has been engaged as the project’s civil engineering firm. Wolverton and Associates provided the civil engineering for the property when the adjacent parcel was subdivided, sold and developed.
HealthAmerica Realty Group will market and lease the property. HealthAmerica is an Atlanta-based, full service commercial real estate firm dedicated solely to the healthcare market, specializing in medical office buildings and clinic facilities. The HealthAmerica team of real estate professionals have extensive knowledge of the metro Atlanta hospital systems and medical markets. They understand the relationship complexity of the that exist between hospital systems, physicians, and a medical building owner. HealthAmerica’s expertise and successful track record has encouraged confidence and trust among their clients and, as a result, HealthAmerica is positioned to deliver value-added results to the bottom line of medical office investments.
Triad Properties is convinced that an exceptional team has joined together to develop a Class A medical office building on a prominent site.