{"id":383435,"date":"2026-04-09T15:52:17","date_gmt":"2026-04-09T15:52:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/383435\/"},"modified":"2026-04-09T15:52:17","modified_gmt":"2026-04-09T15:52:17","slug":"northside-east-cobb-medical-center-sold-for-32-5-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/383435\/","title":{"rendered":"Northside East Cobb Medical Center sold for $32.5 million"},"content":{"rendered":"

\"Northside<\/p>\n

Patients and clients won\u2019t notice any changes, the but ownership of Northside Hospital\u2019s East Cobb Medical Center is changing hands.<\/p>\n

Stonemont, an Atlanta real estate investment firm specializing in healthcare real estate and industrial development, has purchased the 103,184-square-foot medical office building on Johnson Ferry Road at Olde Towne Parkway.<\/p>\n

The Atlanta Business Chronicle reported that Stonemont secured a $32.5 million loan<\/a> from Webster Bank to complete the acquisition from Northside, which opened the facility in 2018 on land that had been the Fountains at Olde Towne Shopping Center.<\/p>\n

The four-story building houses Northside\u2019s Imaging, Orthopedics and Sports Medicine, Primary Care and Urgent Care providers, Dermatology and Surgery Associates, East Cobb Spine and Sport Chiropractic and other physician specialty practices.<\/p>\n

The building, which has a 400-space parking lot, is 100 percent leased.<\/p>\n

According to Cobb property tax records, the total appraised value of the building and property, which covers more than 12 acres, is around $34 million.<\/p>\n

\u201cOur collaboration with Northside Hospital reflects a shared commitment to expanding access to healthcare throughout the region,\u201d said Matt Stone, President of Stonemont\u2019s Healthcare Real Estate division, in a statement.<\/p>\n

\u201cEast Cobb Medical Center is an exceptional facility in a thriving community, and we\u2019re pleased to add it to our growing healthcare platform.\u201d<\/p>\n

Stonemont invests in major healthcare complexes across the country, and a company release said its healthcare portfolio exceeds $375 million.<\/p>\n

In Cobb County, Stonemont owns the Atlanta Riverview commercial development in Mableton, which includes 216,400 square feet of space.<\/p>\n

Related:<\/p>\n

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