For Immediate Release
Class A Medical Office Development is Part of Parc Group’s Master Planned eTown Project
JACKSONVILLE, Florida, February 20, 2024 – Flagship Healthcare Properties has tapped commercial real estate services firm Cushman & Wakefield to exclusively lease The Medical Exchange at eTown, a 40,000-square-foot Class A medical office building being built within Parc Group’s master planned eTown project.
“Flagship is proud to present this state-of-the-art medical office building to the e-Town community,” said Dev Gregg, Flagship’s Executive Vice President of Development. “The PARC Group’s dedication to ensuring access to essential community services aligns seamlessly with Flagship’s goal of providing medical office spaces in residential areas. In a time where individuals are deeply involved in their daily routines, the inconvenience of lengthy travel or navigating heavy traffic for quality medical care is not always practical. We eagerly look forward to partnering with Cushman & Wakefield to attract top-tier medical tenants to our facility, guaranteeing quality healthcare services for all age groups within the eTown community.”
David J. Hillegas and Francesca M. Neuman are overseeing leasing efforts for the entire building on behalf of owner and developer Flagship Healthcare Properties. Parc Group is the master developer for the broader eTown project.
“This is a significant building and an assignment that we are lucky to have. There aren’t many new medical office buildings being brought to market, that aren’t currently owned by a healthcare system. It will be best-in-market and an opportunity to be part of an incredible project,” added Hillegas, Managing Director at Cushman & Wakefield.
Located at 0 Assembly St., The Medical Exchange will be a two-story building with suites ranging from 5,000 up to the property’s full 40,000 square feet to accommodate medical tenants of all sizes. The property will also offer 200 parking spaces and highly visible signage opportunities fronting State Road 9B and E Town Parkway.
The Medical Exchange is slated for completion in 2025 and will be strategically located near the borders of St. Johns and Duval counties while also benefiting from its positioning within eTown. eTown is a smart-living community that will include a highly amenitized walkable town center, known as The Exchange, along with approximately 4,700 residential units.
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients predominantly throughout the Southeastern and Southern Mid-Atlantic United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services including acquisitions, development, leasing and brokerage, as well as facilities, property and asset management. Flagship manages over 6.5 million square feet of healthcare real estate in over 318 properties serving more than 620 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
-END-
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
