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

10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. IRAN NUCLEAR TALKS DOWN TO WIRE D ... Read More


Mwangaza Children's Choir

Small voices have big impact

Registered in the United States as a non-profit organization, the Africa Renewal Ministries sponsors a ministry outreach which brings the Mw ... Read More


Plant Yates to shut down coal units by mid-April

Georgia Power Plant Yates will officially stop burning coal no later than April 15. Units 1-5 have already stopped being used for “nor ... Read More


major bills still in play

Legislative session almost over

The 2015 Georgia General Assembly session is almost over. There are two more “legislative days” in the session: Tuesday and Thur ... Read More


NTH Turns 150

Family of editor Cates visits first lady

Adolphus Boardman Cates, who published The Newnan Herald for six years in the late 1800s, was a man with many business interests. In additio ... Read More

Locals preview PBS cancer miniseries

Last week, board members of Lights for Linda Luminarias visited the Atlanta Chapter of the Leukemia and Lymphoma Society to preview a summar ... Read More