FOR IMMEDIATE RELEASE
Arboretum at Cox Road features a diverse medical tenant mix and high visibility along Gastonia’s primary healthcare corridor.
CHARLOTTE, NC (April 2025) – Alta Peak Capital (“APC”), in joint venture with Centerlane Capital, is pleased to announce the acquisition of Arboretum at Cox Road, a three-building, 63,000-square-foot medical office portfolio located at 916, 920, and 924 Cox Road in Gastonia, North Carolina. The property also includes a development parcel for future expansion potential.
Strategically located along Gastonia’s primary medical corridor and within close proximity to the 476-bed CaroMont Regional Medical Center, the portfolio is occupied by a high-quality roster of healthcare tenants, including Novant Health, Tryon Medical Partners, and ABS Kids.
“Arboretum at Cox Road represents a compelling value-add investment opportunity near CaroMont Regional Medical Center,” said Harris Ralston, Managing Partner at Alta Peak Capital. “We are thrilled to partner with Centerlane Capital on the acquisition and Flagship Healthcare Properties for leasing and management. Our plan is to invest capital in a thoughtful manner and position the asset to attract additional clinical healthcare tenants alongside the existing roster of quality providers.”
Arboretum at Cox Road is a three-building campus with direct visibility from Cox Road, just minutes from I-85 and CaroMont Regional Medical Center.
The acquisition was completed off-market. Flagship Healthcare Properties has been engaged as the leasing and property management firm, with Tiffany Slayden leading leasing efforts. Bill Bernart advised Alta Peak and Centerlane on the purchase.
The new ownership plans to execute a targeted value-add strategy focused on enhancing the asset’s occupancy and healthcare profile by leveraging its premier location, existing tenancy, and proximity to a major hospital campus to attract additional medical users and improve long-term tenant retention.
About Alta Peak Capital
Alta Peak Capital (“APC”) is a multi-strategy real estate private equity firm based in Charlotte, NC. APC is the investment management affiliate of Peak Development, an active developer of mixed-use and residential properties in the Charlotte MSA. The firm targets value-add and distressed debt opportunities in the middle-market segment across high-growth markets in the Carolinas and the broader Sunbelt region. For more information, contact hralston@altapeakcapital.com.
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