The Brief
- Centurion Foundation finalized a $95 million purchase of the Atlanta Northlake Mall to transform it into a massive healthcare campus.
- Emory Healthcare will lease the entire property as the primary tenant under a long-term agreement with the charitable organization.
- The transition will help the nonprofit health system save money and secure long-term control for future expansion.
TUCKER, Ga. – The Centurion Foundation announced Wednesday that it completed a $95 million acquisition of Northlake Mall to establish a major new medical campus for Emory Healthcare.
Northlake Mall purchase
What we know:
The Centurion Foundation, a prominent 501(c)(3) organization, purchased Northlake Mall and an adjacent building formerly occupied by Macy’s, according to a foundation statement. The adjacent J.C. Penney site was not included in the transaction.
Emory Healthcare will lease the entire property and transition it into the new Northlake Campus, expanding its existing footprint. The healthcare system has leased approximately 274,000 square feet at the mall since 2019. …