Land deal could give CTCA additional 74 acres in Newnan

alt

The 74.6 acres of property involved in the Newnan land deal is located next to the Cancer Treatment Centers of America’s southeastern regional medical campus. The hospital is the cleared area at bottom right along I-85. At top right is Ashley Park. 


Batson-Cook Realty LLC has brokered a 74.6-acre land deal in Newnan that could give Cancer Treatment Centers of America an additional 74.6 acres contiguous to its southeastern regional medical campus.

In the recently-announced transaction, which closed June 26, Batson-Cook Realty represented seller Newnan Crossing Partnership. Georgia Healthcare Properties LLC was the buyer, the same entity which purchased the initial land on which Cancer Treatment Centers of America built its Southeastern Regional Medical Center near Newnan Crossing Bypass on Parkway North.

Terms of the deal were not being disclosed.

Batson-Cook Realty President Andy Ulsh and Vice President Jeremy Hammerton represented the seller in negotiations. The firm also brokered the sale by Newnan Crossing Partners of 2.5 acres nearby for a Marriott suites hotel in a deal that closed late last year. That site is just south of the Ashley Park lifestyle center on Newnan Crossing Bypass.

Newnan Crossing Partners originally owned approximately 1,000 acres in Newnan just off of Interstate 85. It has now sold a majority of the holdings, which have been the site of much of the commercial activity in Newnan over the last 20 years, according to Batson-Cook officials. This 74.6-acre tract represents one of the last they own.

“We have been honored to be working with Newnan Crossing Partners for many years. We knew the property and the players well,” said Ulsh. “Cancer Treatment Centers of America has driven a tremendous amount of growth in Newnan.”



More Local

Poplar Road gas lines struck by lightning during storm

The Coweta County Fire Department responded to a pair of house fires on Poplar Road Tuesday afternoon and were able to control both fires be ... Read More


Behavioral hospital awaits opposition

Last week, Superior Court Judge Emory Palmer ordered the Georgia Department of Community Health to award a Certificate of Need to Vest Newna ... Read More


CVS suspects may be tied to multiple robberies

Coweta County authorities are working with other agencies around metro Atlanta to locate two men suspected of robbing a local 24/7 pharmacy ... Read More


Newnan Council

City divided on changes to code for demolishing structures

Newnan’s process for demolishing historical structures will not be changing yet, as members of the Newnan City Council disagreed on th ... Read More


Two injured in head-on collision

Two drivers were airlifted to an Atlanta hospital Tuesday after two vehicles collided head-on on Highway 154 near Hammock Road. The accident ... Read More

Federal court jury awards $2 million to electrician

A jury in U.S. District Court in Newnan has awarded more than $2 million in a case involving an electrician who was involved in an accident. ... Read More