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

Sunday TV Page - Correction

Due to a production error with our printing partner, the Sunday TV page printed with a font error which caused it to be unreadable. We regre ... Read More


Crews work to clear storm damage, restore power

ATLANTA (AP) — Georgia Power reports that fewer than 300 of its customers remain without power after severe storms crossed the state. ... Read More


10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Monday: 1. UNCERTAINTY OVER FERGUSON DECISI ... Read More


Farewell to Shelnutt’s

Family-run grocery closes in Arnco

The closing of Shelnutt's Grocery in Arnco marks another passage of time that will forever remain in the memories of those who passed throug ... Read More


Cheek to head state school facilities association

Coweta County School System Director of Facilities Ronnie Cheek has been named president of the Georgia Association of School Facility Admin ... Read More

Bullying in Coweta County: A victim’s story

Twelve-year-old Jennifer Jarvis knows first-hand the effects of bullying. Jarvis claims she has been bullied since the first days of element ... Read More