News Release: Insite Properties Coordinates CNL Healthcare Properties Purchase of 161,238-Square-Foot Class A Medical Office Portfolio in Raleigh-Durham, N.C.

 

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Raleigh-Durham, N.C. —Insite Properties represented CNL Healthcare Properties in the acquisition of five single-tenant medical facilities in the Raleigh-Durham, North Carolina area. The portfolio includes the 58,189-square-foot North Carolina Specialty Hospital, and four medical office buildings, totaling 103,049-square-feet, occupied by Triangle Orthopaedics Associates. The 63,158-square-foot flagship facility and corporate headquarters for Triangle Orthopaedics Associates is the largest of the four medical office buildings. The five buildings were built between 2004 and 2011 and the current tenants have between twelve and fifteen years remaining in their leases. In addition, Insite Properties will provide property management services for the portfolio. Sam DiFranco of Trinity Partners represented the seller.

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Insite Properties, based in Charlotte, North Carolina, with offices in Charlotte and Charlottesville, Virginia, is a full-service commercial real estate firm specializing in the development, acquisition, ownership, management, leasing and sales of professional and medical office properties in the Southeastern United States. Insite Properties serves as an investment broker for several clients and acquires properties for its own portfolio, often in a joint venture with an investor.

For more information on Insite Properties, please call 704.344.8086 or visit www.insiteprops.com

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