Marcus Partners Fund I acquires 80,681 SF Medical Office Park in Stockbridge, GA

Marcus Partners is pleased to announce the acquisition of the Eagles Landing Medical Office Park in Stockbridge, GA.

Marcus, together with local partner Ackerman & Co., purchased a loan secured by Eagles Landing from LNR Partners, LLC. This is the third acquisition this year for Marcus and its local Atlanta partner Ackerman, who also bought the Marietta Medical Center in January and the Corporate Forum in April. The venture acquired the note on the property and plans to convert it to fee ownership in the coming months.

Eagles Landing is a two building medical office park, just off Interstate 75. The two buildings comprise 80,681 square feet and were originally constructed in 2000 and 2004. Occupancy is currently approximately 82%. Ackerman will handle property management and leasing.

October 2011