QuantumCRE Sponsors CCIM Course Concepts Review

The QuantumCRE Northside office is sponsoring the Commercial Real Estate Course Concepts Review for the Certified Commercial Investment Member (CCIM) Georgia Chapter. This course will help prepare CCIM members for the comprehensive exam. QCRE Associate, Richard Smith, Jr., will be teaching the User Decisions (leasing) module during the course. The course is for four weeks and students meet weekly on Tuesdays from 8:30-10:30am. Listed below are details on the course modules, dates, instructors, and location. 

Module                                                  Date                                      Instructor

Module 1 – Financial Analysis                         September 19th                             Syrah Paul

Module 2 – Investor Decisions                        September 26th                             Liza Littrell

Module 3 – User Decisions (leasing)              October 3rd                                    Richard Smith, Jr.

Module 4 – Market Analysis                            October 10th                                  Patty McGill

Quantum Commercial Real Estate
Northside Tower, Suite 200
6065 Roswell Road
Atlanta, GA 30328
Office:  770-462-2002
Richard Smith, Jr.  Cell: 404-789-8788

Course meetings will be held in the Northside Tower Conference Room, 5th Floor, Suite 535
(exit elevator, turn left down end of hallway, conference room is on the left)

This course review is excellent preparation for the CCIM Final Exam. 



Pre-Leasing Opportunities for Newnan Professional Center, Building B

In July 2017, Parkside Development Group in partnership with South-Tree Enterprises and Quantum Commercial Real Estate broke ground on a 40,000 square foot medical office building in Newnan, GA. Located next to Newnan Professional Center, Building A, and across the street from Piedmont Newnan Hospital, this site has great access to numerous medical facilities in the area and Interstate 85. Suites are available from 2,500 to 20,000 square feet and the building will be completed in the 2nd quarter of 2018.

For more information, view the property flyer for 2301 Newnan Crossing Blvd, Building B, Newnan, GA 30265.

View an article from the Newnan Times-Herald about this development. 

Contact Paul Schwinne or David A. Strickland at 770-486-8200 for leasing information.

602 Dogwood Trail welcomes Frank Farmer State Farm Insurance

Quantum Commercial Real Estate welcomes State Farm Insurance Agent, Frank Farmer, to 602 Dogwood Trail, Suite D in Tyrone, GA. Mr. Farmer leased a 1,365 square foot first floor retail suite and we are glad he selected this property to grow his business. Learn more about Frank Farmer and his insurance services. 

For more information on available suites at 602 Dogwood Trail, Tyrone, GA, view the property flyer.

Contact Paul Schwinne or David A. Strickland at 770-486-8200 for leasing information and to learn about their brokerage, development, investment, and management services.

New Medical Office Building with Space Available in Fayetteville, GA

Adjacent to Piedmont Fayette Hospital is a new Class ‘A’ Medical Office Building with space available. The two-story building is 30,000 square feet and currently has three tenants including Pain Consultants of Atlanta, Atlanta Vascular Specialists, and Dr. Dave C. Lee (Dentist). With generous TI allowances and no hospital restrictions, this is a flexible and convenient location for a tenant looking for 2,000-11,000 square feet on the first floor. The building was completed in June 2017 in partnership with Parkside Development Group, South-Tree Enterprises, and Quantum Commercial Real Estate. 

For more information, view the property flyer for 1233 Highway 54, Fayetteville, GA 30214. 

Contact Paul Schwinne or David A. Strickland at 770-486-8200 for leasing information.

QuantumCRE gives a healthy welcome to Piedmont Physicians Fayette South

A new Piedmont practice, Piedmont Physicians Fayette South, opened in July 2017 at 730 Glynn Street South, Fayetteville, GA 30214. QuantumCRE is glad to welcome this practice and Shannon Lotus Ashley, M.D. to this one-story 9,000 square foot facility. Dr. Ashley’s interests include preventive healthcare, women’s health, and weight management including childhood obesity and nutrition. Services at this location include well visits, annual exams, sick visits, sports physicals, and vaccinations and immunizations.

Learn more about Dr. Ashley. 

This facility was developed in partnership with Parkside Development Group, South-Tree Enterprises, and Quantum Commercial Real Estate.

Contact Paul Schwinne or David A. Strickland at 770-486-8200 in the south Atlanta office, and Richard Smith, Jr. at 770-462-2002 in the north Atlanta office for information on their tenant representation, general brokerage, development, investment, and management services.

QuantumCRE Digest: Southeast Medical Office Market Report, Mid-Year 2017

The QuantumCRE Digest

Southeast Medical Office Market Report

Mid-Year 2017


Metro Atlanta – Atlanta’s specialty use medical office building market is alive and well. The market encompasses roughly 721 multi and single-tenant medical office buildings, totaling over 24.1 million square feet. These medical office buildings, both “on” and “off” hospital campuses, are specialty built for the medical community. Non-primary use medical office buildings including traditional office buildings, business parks, and the growing retail sector are not included in our analysis. While accommodating some medical uses, these properties do not provide the referral basis and services of a professionally run medical building. This pseudo-market could be several million square feet; a fraction of the total amount of vacant retail and primary use office space in Metro Atlanta.

There are ten primary areas of medical space in Atlanta, the largest being the Northwest Atlanta submarket with over 4.3 million square feet. The other five largest submarkets include Central Perimeter, North Fulton, Northeast, Northlake, and South Atlanta, all with over 3 million square feet each. Interestingly the Urban Corridor including Buckhead, Midtown and Downtown contain less than 2.5 million square feet total (not including the on-campus medical office buildings of Piedmont Atlanta Hospital totaling approximately 900,000 square feet). This very densely populated corridor in terms of employers and households may be underserved by the medical community. We anticipate a large medical office building to be announced by years end.

The first half of 2017 was active with new medical office facilities being completed. Through mid-year 2017 there were 5 new medical office buildings delivered totaling 112,877 square feet; over 100,000 square feet was pre-leased at approximately 92% occupancy. Rental rate information has been withheld, however, our market research indicates rates of approximately $24.00 per square foot gross. The most notable deliveries include 738 Old Norcross Road, 17,000 SF located near Gwinnett Medical; 1233 Highway 54, 30,000 SF located contiguous to Piedmont Fayette Hospital and; Locust Grove Physician Center, 40,000 SF in the Southeast, I-75 corridor. We anticipate several deliveries by year end 2017 including the 91,500 SF Forsyth Physicians Center, off-campus of Forsyth Northside Hospital, at 100% preleased at quoted rates of more than $30.00 per square foot, gross.

Absorption, the net difference in the amount of space occupied between two periods, was positive through mid-year 2017. In fact, the net 463,323 square feet of positive absorption was the greatest amount for the first half year for the past 10 years. With current market demand and anticipated pre-leased deliveries, Quantum Commercial Real Estate (QCRE) anticipates year-end 2017 absorption to surpass 750,000 square feet, topping the boom years prior to 2008 and subsequent meltdown of all commercial real estate. The South Atlanta submarket had the overall greatest absorption levels of over 137,000 square feet through mid-year followed by Northwest and North Fulton at over 83,000 square feet each. One market, the Central Perimeter including medical office buildings at Pill Hill, did report negative absorption of just under -3,300 square feet.

The current overall vacancy rates for medical office buildings at 11.1% continue to decline. Down by nearly 2 percentage points from 2015, these rates are the lowest in at least the past 10 years. With continued positive absorption possibly outpacing deliveries, QCRE predicts further decline to about 10.7% by years end. As rent rolls continue to improve, Landlords are becoming less inclined to offer concessions of just a few years ago. Lease concessions in terms of free rent and improvement allowances are becoming more difficult to negotiate. Not all markets are equally healthy. The highest vacancy rate at over 17.2% is in the 3.2 million square feet Northeast Atlanta Market with an available inventory of over a half million square feet, also the largest amount of vacant square feet of any submarket. Conversely, the Midtown and Downtown Submarkets have vacancy rates at a very unhealthy 1%, thus limiting availability, options, and concessions. As population and employment density continue to grow in this corridor, we anticipate new medical options in non-traditional medical buildings.

Short-term, rents have been relatively flat for the past 6 quarters. At midyear, 2017 quoted rental rates averaged $21.64 per square foot. The most expensive being Downtown at $34.75 per square foot followed by Central Perimeter and Buckhead at $27.67 and $26.78 per square foot respectively. These rates are an average of both modified gross and full service. Full-service rates will include base rent and expenses while modified gross rates are net of expense with the tenant paying separately for utilities, janitorial, taxes, building insurance, and common areas (TI-CAM), which can add $7.00 to $9.00 per square foot to the lease rate. Be mindful to compare like kind quoted rates. Many of Atlanta’s largest medical office buildings are quoting over $30.00 per square foot gross and/or gross equivalent after adding expenses. Mid-term, rents are up by $1.40 per square foot from 2012, however, long-term, are still down from 2008 highs of over $22.50 per square foot. QCRE predicts average rates to match 2008 highs in 2018.

Notable leases through mid-year 2017 include:  Pediatric Associates of Lawrenceville (10,000 SF, Lawrenceville, GA); North Atlanta ENT & Allergy (25,500 SF, Forsyth Physicians Center, Cumming, GA); Children’s Healthcare of Atlanta (46,000 SF, Harvard Bldg, Chamblee, GA); Georgia Urology (13,500 SF, East Cobb Medical Campus, Marietta, GA); Horizon Urgent Care (9,000 SF, Hillandale Physician Place, Conyers, GA); and Associated Oral Specialists (9,600 SF, Doctors’ Center at St. Joseph’s Hospital, Center Perimeter, Atlanta, GA) among others.

For a complete report of supporting data and/or request for a market study, please give us a call or email Richard L. Smith, Jr., CCIM. Quantum Commercial Real Estate can also provide full market research studies including available spaces, lease rates, operating expenses, sales comparable data, demographics, and tenant rosters on medical office buildings across the Southeast Region. Buy, build or lease, we work with healthcare professionals evaluating real estate options.


Quantum Commercial Real Estate (QCRE) is a full service commercial real estate firm offering Brokerage, Development, Investment, and Management services. With years of experience in healthcare real estate related transactions and locations in North and South Atlanta, QCRE has the expertise to assist you. For more information and to discuss your needs with a Quantum Commercial Real Estate Representative, contact 770-462-2002 (North Atlanta Office), 770-486-8200 (South Atlanta Office), or visit



Scott Markham joins QuantumCRE North-Perimeter Atlanta Brokerage Office

Scott Markham QCRE Research Associate

Quantum Commercial Real Estate welcomes Scott Markham to the Quantum Team. Scott joins Richard Smith, Jr. in the QuantumCRE North Perimeter-Atlanta brokerage office. Scott has a strong background in sales and customer service and he is currently pursuing his real estate license. In his role as Research Associate, Scott will provide research support and assist with communications and building client relationships. Scott is a native of Atlanta and a recent graduate from the University of Mississippi where he received his Bachelor of Business Administration degree in Marketing. When not working to find ideal properties for clients, he enjoys supporting his Ole Miss Rebels, Manchester United FC, and expanding his interest in automobiles. 

For more information, contact Scott at 770-462-2002 or by email.

NeuroMotion Physical Therapy opens in Bailey Corners

NeuroMotion Physical Therapy Sharpsburg GA

Located at 15 Thomas Grace Annex Lane, Suite 100, Sharpsburg, GA, NeuroMotion Physical Therapy joins the Bailey Corners retail center. QuantumCRE welcomes Paulette Lewis, MPT, CSST, Cert-DN with NeuroMotion Physical Therapy to Bailey Corners. Offering a myriad of services, visit, to learn about their treatment programs for neuromuscular and musculoskeletal system disorders and impairments. 

Contact Paul Schwinne or David A. Strickland at 770-486-8200 to learn about retail/office spaces available in Bailey Corners. 

QCRE welcomes Lambert Pharmacy to Bailey Corners Retail Center

Lambert Pharmacy Sharpsburg GA

QuantumCRE welcomes Lambert Pharmacy to 15 Thomas Grace Annex Lane, Suite 150, Sharpsburg, GA in the Bailey Corners retail center. Family owned and operated, Lambert Pharmacy offers a variety of services such as compounding, pet meds, free delivery within 5 miles, and much more. Visit their website,, to learn about their personal hometown service. 

Contact Paul Schwinne or David A. Strickland at 770-486-8200 to learn about retail/office spaces available in Bailey Corners. 

Physician cashes out of medical office building

Piedmont Commons Office Park

Advanced Dermatology Case Study

QuantumCRE Listing for Sale – Medical Office Building at 2551 Roswell Road, East Cobb


Physician cashes out of medical office building


How often does a physician make money on real estate that also serves as the location of a successful practice? Advanced Dermatology has multiple locations in Metro Atlanta but wanted to concentrate on patient care on the westside of Atlanta. Dr. Agha, owner of Advanced Dermatology and a 3,528 square foot, free-standing medical office building in Piedmont Commons was looking for options. This East Cobb office was outside Dr. Agha’s core geographic area and he needed an exit strategy.


Understanding the general commercial real estate market conditions, demographics and specific property values was critical in evaluating the options for Dr. Agha and making the decision to sell. Dr. Agha engaged QuantumCRE for assistance in listing the property for sale. Piedmont Commons is strategically located in a corridor of “Suburban Periphery” with a high demand for medical specialties but few options for a physician to own their building. Recent property sales comparables indicated a potential value that could more than double Dr. Agha’s investment dollars.

The existing medical use also added potential value to prospective medical users looking to save money on startup costs including the build-out and furniture, fixtures, and equipment. QuantumCRE focused on reaching out to their existing database of medical clients and canvassing successful practices in North Atlanta that potentially could take advantage of the existing build-out.


The property sold to a dental group within six months of QuantumCRE starting the listing assignment. “We had multiple showings during the first month. After several competitive offers, the property closed. We took the cash and reinvested in our other locations,” says Dr. Agha. We negotiated a sales price that was close to our initial estimate of value in a timeline that exposed the property to multiple users. Dr. Agha adds that “Richard did a great job and we look forward to finding more opportunities to work with QuantumCRE.”


Are you looking for commercial real estate solutions? QuantumCRE can provide full market research studies including available spaces, lease rates, operating expenses, sales comparables and tenant rosters on medical office buildings in Atlanta and across the Southeast. Call/Text/Email to gain immediate access to our team of professionals.

Richard Smith, Jr., David A. Strickland, and Paul Schwinne — we work with healthcare professionals evaluating real estate solutions.

QCRE Sponsors CCIM Commercial Real Estate Prep Course

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QCRE is sponsoring a Commercial Real Estate Prep Course for the Certified Commercial Investment Member (CCIM) Georgia Chapter. This course will help prepare members for the CCIM comprehensive exam. The prep course will be held on the dates below at the QCRE Northside Office. QCRE Associate, Richard Smith, Jr., will be teaching the Buy vs. Lease module during the course. 

Dates and Time:
Tuesday, September 20th, 8:30am-10:30am
Tuesday, October 4th, 8:30am-10:30am
Tuesday, October 11th, 8:30am-10:30am
Tuesday, October 18th, 8:30am-10:30am

Quantum Commercial Real Estate
Northside Tower, Suite 200
6065 Roswell Road
Atlanta, GA 30328
770-462-2002 (Office)

Cost:  Free for Georgia CCIM members

Registration is required to attend and is open to CCIM chapter members only. September 16th is the last day for registration. The course is a study group format consisting of four modules matching the four core courses. Each module is to be completed before class (reading and homework) including the first session on September 20th.

Register Now for the Prep Course 

Join the Georgia CCIM Chapter

The next CCIM exam in Atlanta, Georgia will be held on October 26th. This is a great opportunity to attend a study group in preparation for the exam.