Monday, March 10, 2008
Trammell Crow to Develop Medical Campus in Johns Creek
Atlanta, Georgia – Trammell Crow Company, in a real estate joint venture with MetLife, is pleased to announce the development of Woodlands Park, a multi-phase medical campus on 17 acres in Johns Creek.
The first phase of the project, Woodlands Park Medical Arts I, is a four-story, 100,000-square-foot medical office building that broke ground in late February and has an anticipated completion and occupancy in the first quarter of 2009.
With a population of approximately 65,000, the addition of the medical facility to the community is vital, as Johns Creek is now the 10th largest city in the state of Georgia.
The new building will be located at 12000 West Johns Crossing, bordering the Emory Johns Creek Hospital campus. Close proximity to the 110-bed, all private room hospital will be an immense advantage to physician practices located in the building.
“We believe that the availability of surgery facilities, advanced imaging capabilities, and emergency and intensive care services next door at Emory Johns Creek Hospital will make Woodland Park Medical Arts I a convenient, prestigious location for any physician,” said Steve Wheeler, Vice President of Trammell Crow Company in charge of marketing of the development.
The architect for the project is Wakefield Beasley & Associates, and Brasfield & Gorrie has been selected as the general contractor.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in real estate. It has developed or acquired over 500 million square feet of buildings with a value exceeding $50 billion. As of December 31st, 2007, Trammell Crow Company had over $9.2 billion of projects in process or in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients through creative solutions and highly skilled, locally connected professionals in major cities in the U.S., Canada and India. The company is known for the quality of its people and for the world class facilities they create. Trammell Crow Company serves users of, and investors in, office, industrial, retail, healthcare, student housing, on-airport distribution, multi-family residential, and mixed use projects.
Trammell Crow Company has experienced market leaders in 30 major cities. The company is an independently operated subsidiary of CB Richard Ellis Group, Inc., the world’s largest commercial real estate services firm (based on 2007 revenues).
For those who occupy real estate, Trammell Crow Company can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options. For more information visit the company’s web site at www.TrammellCrow.com.
About MetLife
MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading provider of insurance and financial services with operations throughout the United States and the Latin America, Europe and Asia Pacific regions. MetLife, through its Real Estate Investments department, oversees one of the largest real estate investment portfolios in the nation. MetLife has an approximately $45 billion real estate investment portfolio, which is well-diversified and consists primarily of real estate equities, commercial mortgages and agricultural mortgages. MetLife is a global leader in real estate investment and real estate asset management services, with a vast network of regional offices that keep in close contact with the major real estate markets. MetLife’s real estate investment focus includes office, multi-family, industrial and retail properties.
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