National MarketingAtlanta’s first centralized hub for global health to open in Midtown in 2022
Atlanta Business Chronicle, December 15, 2021
After four years of planning and development, Atlanta’s first health innovation district will open in Midtown’s largest office tower at the end of 2022.
The Center for Global Health and Innovation will become Atlanta’s first command center for coordination across global health technology and life sciences agencies in the public and private sectors. The hub’s first slate of tenants has not been announced.
In its initial phase of operation, the hub will occupy 200,000 square feet in Tower Square, the former home of the AT&T regional headquarters just outside of Tech Square. It’s a prime piece of real estate in the city’s epicenter for tech growth, and perhaps the beginning of a Health Square district.
CGHI’s lease spans four floors in the 47-story tower and 75,000 square feet in the property’s adjoining Annex building.
Current plans for the hub include a conference center; laboratories for research and development; and office space for incubation and acceleration organizations, universities, health systems, small businesses and NGOs, among other entities. Unknown is how the CGHI will transform Tower Square’s traditional office space to meet the structural needs of a global health-focused tenant.
During a Dec. 15 press conference, the organization floated the idea of expanding to other floors in the building. The launch of the hub is a joint effort between commercial real estate firm Transwestern, the Atlanta-based health platform Sharecare and an anonymous West Coast foundation, but the overall project is the culmination of work led by Atlanta health leaders and volunteers across several global health organizations.
The big picture: Though concentrated with public health expertise and research institutions, Atlanta has long missed out on becoming a major market for life sciences.
The slow growth largely owes itself to the lack of readily available lab space in the city and a centralized hub for health-oriented organizations to pool their resources. The Center for Global Health aims to satisfy both needs.
The city is emerging, however — Atlanta led the way in life sciences and research and development job growth between 2019 and 2020, according to Dec. 2021 data from CBRE.
Year-to-Date Transaction Volume is the Highest on Record
GlobeSt.com, December 22, 2021
There is a lot to celebrate this year. After a stagnant 2020, investor activity has rapidly rebounded this year to record-breaking levels. In the third quarter, transaction volume hit a new record of $205 billion, but it wasn’t a fluke.
Transwestern starts business parks in two hot North Texas markets
Dallas Morning News, December 21, 2021
Construction is underway on huge business parks in two of North Texas’ hottest markets — McKinney and North Fort Worth.
Both industrial campuses are projects of Transwestern Development Co.
The Foundry — a 2020 Federal Office-to-Residential Conversion — Sells in Alexandria
Connect, December 20, 2021
Perseus TDC along with partners Four Points and ELV Associates have sold The Foundry, a 16-story, 520-unit multifamily with 25,562 square feet of retail space in Alexandria.
UT Physicians signs big lease to consolidate Bellaire locations
Houston Chronicle, December 2, 2021
UT Physicians has signed a large lease in the 6500 W. Loop South building to consolidate its operations in the Bellaire area. Move in is expected in May 2022.
The 139,243-square-foot lease, announced by Transwestern Real Estate Services, is a key part of transforming the five-story AT&T building into a multi-tenant campus for medical and office tenants.
