MARIETTA, GA-Marietta Medical Center, a 98,534-square-foot medical office building, has sold for $250 million. Boston-based Marcus Partners and Atlanta-based Ackerman & Co. acquired the property in a joint venture.

This class A property includes a five-story medical office building and an attached structured parking garage located adjacent to WellStar Kennestone Hospital, the second largest hospital in metro Atlanta. The property is only 53% occupied.

“This was an REO property that we purchased from State Farm,” Kyle O’Connor, director of investment activities for Marcus Partners’ Mid-Atlantic region, tells GlobeSt.com. “The location directly adjacent to one of the top three hospitals in Atlanta combined with what we thought was a very compelling basis given the quality of the property led us to acquire this asset.”