Harrison Street Acquires 103,000-SF Northside Hospital-Anchored Medical Center in Marietta, GA

MARIETTA, Ga., June 3, 2026 — Harrison Street has acquired Northside East Cobb Medical Center, a 103,000-square-foot Class A medical outpatient facility in Marietta, Georgia, the Chicago-based investment management firm announced. The property is 100% leased and anchored by Northside Hospital System, one of Georgia's leading healthcare providers.

Webster Healthcare provided senior financing for the acquisition and planned tenant improvements associated with the property. Stonemont Financial Group partnered with Harrison Street Asset Management on the transaction, marking the third property the two firms have acquired together.

Facility Anchored by Northside Hospital System in East Cobb Submarket

The property is located in the East Cobb submarket of Metro Atlanta, an area the firm describes as serving a growing and affluent population with strong long-term healthcare demand fundamentals. According to the firm, the facility offers a diversified mix of outpatient healthcare services.

The acquisition expands Harrison Street Asset Management's healthcare real estate footprint in what the firm describes as high-growth markets.

The inclusion of financing for planned tenant improvements alongside the acquisition indicates capital expenditure is planned in connection with the property, consistent with Harrison Street's stated focus on properties meeting leading design, technology, and energy standards.

Financing and Partnership Structure

The deal's capital structure involves Harrison Street Asset Management and Stonemont Financial Group, who have now partnered across three acquisitions. Webster Healthcare served as senior lender for both the acquisition and planned tenant improvements.

"East Cobb Medical Center aligns with our strategy of investing in high-quality, outpatient healthcare assets in fundamentally strong markets with sustained demand," said George Ross, Managing Director and Head of Healthcare Transactions at Harrison Street Asset Management. "We are pleased to partner with Stonemont and Webster Healthcare on this transaction who share our conviction in the asset's underlying fundamentals, health system relationship, and the value created through targeted ownership enhancements."

Harrison Street's Healthcare Real Estate Track Record

Harrison Street Asset Management reports that since its inception, the firm has acquired 391 healthcare delivery properties across North America, representing a total investment of approximately $9.8 billion. The firm states it focuses on properties with leading design, technology, and energy standards, frequently working in direct partnership with health systems to deliver what it describes as next-generation healthcare infrastructure for system-backed hospital tenants.

About Harrison Street Asset Management

Harrison Street Asset Management is headquartered in Chicago with additional offices in Toronto and London, and employs more than 600 people across North America, Europe, Asia, and the Middle East. The firm manages more than $109 billion in assets under management across real estate, infrastructure, and credit strategies, serving more than 1,100 institutional clients and more than 300 registered investment advisors.

Sources: Harrison Street Asset Management press release, June 3, 2026