ATLANTA—I've noticed a clear trend toward medical office users renting retail space in strip centers. Now, one project in Atlanta is putting an exclamation point on the trend.

Cornerstone Development Partners and Stein Investment Group just formed a joint venture to develop a $65 million, mixed-use medical complex at the intersection of Collier and Peachtree Roads in Atlanta. That's right across from Piedmont Hospital.

Dubbed Cornerstone Medical Center, the 161,000-square foot building will include 145,000 square feet of class AAA medical office space and 16,000 square feet for street-level retail and restaurants. The Atlanta Zoning Commission zoned the site C3-C.

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