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FOR IMMEDIATE RELEASE
Healthcare real estate firm expands Metro Charlotte, N.C. presence
Charlotte, N.C. (August 13, 2020) — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, continues to expand its Charlotte footprint with the acquisition of Huntersville Medical Plaza, a Class A, two-story, 26,166-square-foot outpatient medical office building (MOB), located at 17220 Northcross Drive in Huntersville, N.C.
Built in 2009, the MOB is conveniently located less than one mile from both I-77 and Birkdale Village in the vibrant Lake Norman area. Novant Health Huntersville Pediatrics and Internal Medicine occupies the entire first floor with over 13,000 square feet, providing a full range of services from newborn to geriatric well care.
“We are excited to expand our Charlotte area presence into the rapidly growing Lake Norman submarket and look forward to continuing our partnership with Novant Health,” said Gerald Quattlebaum, executive vice president of acquisitions. “We look forward to supporting the Novant practices and working with prospective tenants who see the advantages of this well-located MOB in this dynamic part of the Charlotte market.”
Flagship acquired the MOB through its private real estate investment trust, Flagship Healthcare Trust, Inc. (Flagship REIT). As the new owner of the building, Flagship will provide property management, leasing and asset management services.
The transaction was brokered by the CBRE – Capital Markets and Institutional Properties team. Financing was provided by the Charlotte branch of Atlantic Union Bank.
For more information about Flagship Healthcare Properties, visit www.FlagshipHP.com. For more information about Flagship Healthcare Trust, visit www.FlagshipREIT.com.
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About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the Southeastern and Southern Mid-Atlantic United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services including investment and capital solutions, development, property sales, leasing and marketing, as well as facilities, property and asset management. Flagship manages over 4.3 million square feet of healthcare real estate across more than 165 properties serving in excess of 465 tenants. The firm has developed or acquired over 80 properties valued at more than $675 million. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 59 healthcare properties valued at over $460 million. Flagship REIT’s current portfolio includes more than 1.6 million square feet of medical office space and approximately 190 tenants. For further information, visit www.FlagshipREIT.com.
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