Emory's Purchase of Executive Park
In the spring of 2016, Emory University announced the purchase of approximately 60 acres of property at Executive Park, located near the interchange of North Druid Hills Road and I-85. Emory purchased the property from Equity Commonwealth (NYSE: EQC).
The University reaffirmed that Emory takes a long term, mission oriented view when evaluating its real estate holdings. This significant parcel, which is in a location accessible to all of metro Atlanta, coupled with the fact that Emory has successful programs in Orthopaedics, Brain Health, Medical Science Education, Continuing Education and Health Information Technology already located in the Park, present an extraordinary, once in a generation opportunity for Emory and the region.
The site is comprised of approximately 400,000 square feet of office space. Included in the purchase are nine office buildings. Emory will engage in a formal planning and programming process around the use of this property, and will keep the community apprised as this develops.
Emory also announced that that Emory Healthcare and the Atlanta Hawks Basketball Club are partnering to build a first-of-its-kind training and sports medicine center at Executive Park, a short distance from the Emory Orthopaedics & Spine Center. Staffed by Emory Healthcare’s world-class clinicians, this space will not only provide medical services to the Hawks players, but it will also serve as the team’s official practice site. Construction began in the summer of 2016 on the new 30.000-square-foot Hawks facility.