CHARLOTTE, NC – June 5, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the $10.18 million sale of the 35,157-square-foot Davidson Medical Office Building in the Charlotte-area community of Davidson, North Carolina.
HFF marketed the property on behalf of the seller, Canvass Capital, a real estate private equity firm, and procured the buyer.
The Davidson Medical Office Building is positioned on 1.8 acres at 705 Griffith Street close to downtown Davidson, which is approximately 20 miles north of Uptown Charlotte. The property offers convenient access to Interstate 77 and is within walking distance of numerous retail amenities at Davidson Commons Shopping Center as well as nearby multifamily and senior living communities. Completed in 2001, Davidson Medical Office Building is 95% leased to medical tenants, including Atrium Health.
The HFF investment advisory team representing the seller comprises members of HFF’s national medical office capital markets team, including director Zack Drozda, along with managing directors Evan Kovac and Ben Appel and director Andrew Milne.
“Canvass Capital did a great job stabilizing the asset, creating an excellent location for medical office tenants in the Lake Norman area,” stated Drozda.
About Canvass Capital LLC
Canvass Capital LLC (“Canvass”) is a real estate private equity firm focused on generating attractive risk-adjusted returns for its investors in individual assets and platform investments across cycles and over the long term. Canvass seeks to invest in real estate-enabled operating businesses where value can be created through active asset management and by maximizing efficiencies in the operating business component. Canvass’ portfolio includes medical office, self-storage, mixed-use and industrial amongst other alternative real-estate investment types. In addition, Canvass provides preferred equity on third-party projects. For more information on Canvass Capital LLC, please visit: www.canvasscap.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
HFF Director, Public Relations
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