ATLANTA-An affiliate of RiverOak Investment Corp. LLC has acquired the Loganville Medical Center, a 15,000-square-foot, single tenant medical office building in Loganville, GA, a small town about 35 miles east of Atlanta for $5.3 million. The property, built in 2007, sits on 3.2 acres and has 5,000 square feet of physicians’ offices, over 3,000 square feet of urgent care space and nearly 5,700-square-feet devoted to imaging services and physical therapy, in addition to an 1,500-square-foot lobby. It functions as a satellite office for the Walton Regional Medical Center in Monroe, Georgia, 12 miles east of Loganville.

This is the second healthcare building acquisition for RiverOak, which is based in Stamford, CT, in as many months. Working with a well-capitalized Middle Eastern investment group, RiverOak recently acquired a four-building portfolio of medical office buildings in North Carolina and is currently evaluating similar purchases in other locations throughout the US.

The Middle Easter investment group, which purchased the Loganville Medical Center in partnership with RiverOak, plans to use $150 million worth of equity as leverage to buy as much as $350 million worth in medical office buildings in the US, says George Yerrall, managing director at the RiverOak Investment Corp.