Greenville, NC – MedSouth Healthcare Properties, LLC (MedSouth) and Sterling Fox Group, LLC are pleased to announce a joint venture sale leaseback acquisition of a Class A medical office located in the heart of the Medical Arts district of Greenville, North Carolina.
The property is located across the street from Vidant Medical Center which serves as the main acute care center for Vidant Health system. The Vidant Health system serves 29 counties in the greater surrounding Eastern Carolina region.
The acquisition is comprised of an approximate +/- 19,500SF, two story medical office building with a surgical center component. The surgery center has a 3 bed operating room certificate of need (CON) to the site licensed for Endoscopy procedures.
Bill Transou, Principal and Co-Founder of MedSouth said “The location of the property in front of the main entrance to the hospital, coupled with the strength of the surgical practice made this deal really stand out to us right from the start. The greatest satisfaction we had was the fact that we were successful in structuring a win/win, long term sale leaseback which met the needs of both the buyer and the seller.” Benjamin E. Bivens, Co-Founder and Principal of MedSouth said “Fundamentally speaking, we view Endoscopy practice’s very favorably from both a stability and growth standpoint. We were very pleased to have established a relationship with this endoscopy practice in the Greenville market area.” Stan Armstrong and Tommy Stoughton with Kittrell & Armstrong in Greenville, NC, represented the seller in the transaction. MedSouth represented itself.
This transaction marks the fourth acquisition milestone for MedSouth Healthcare Properties, L.L.C. since it’s inception in May 2013.
MedSouth Healthcare Properties, L.L.C. is a private real estate investment firm based out of Charlotte, NC focused on acquiring income producing healthcare properties located in the Southeastern United States. The firm provides sale leaseback solutions for doctor groups and hospital organizations looking to grow their organization by unlocking the capital in their real estate. MedSouth Healthcare Properties, L.L.C. also works with private investors, developers and real estate firms that are interested in selling their income producing healthcare real estate.
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