Property is home to Bowden Eye Center
Photo courtesy of CoStar
Jacksonville, Fla.— Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A, 100% leased medical outpatient building (MOB) and ambulatory surgery center (ASC) in Jacksonville, Florida.
Built in 2007, the building — known as Bowden Eye Center — is about 15,000-square-feet and located at 7205 Bentley Road. The facility includes a combination of clinical office space and outpatient surgical suites, and is anchored by Bowden Eye & Associates.
Bowden Eye & Associates offers a multitude of quality services typically found at major medical centers and is the only state-of-the-art surgery center in North Florida solely dedicated to ophthalmic surgeries.
Strategically located near the intersection of Philips Highway (US 1) and J. Turner Butler Boulevard at I-95 Exit 344, the property is less than two miles from Ascension St. Vincent’s Southside Hospital and 4.5 miles from the 454-bed HCA Florida Memorial Hospital.
As the economic engine of Northeast Florida, Jacksonville is rapidly growing at twice the national average and was recently ranked the No. 3 best city for U.S. job seekers by MoneyGeek. With a population of about 1.7 million, which is comparable to cities like Nashville, Charlotte, and Memphis, Jacksonville serves as a key gateway to Florida – one of the fastest-growing states in the nation.
“We are thrilled to announce the acquisition of this high-quality medical office building in such a dynamic and growing market,” said Gerald Quattlebaum, Flagship’s Executive Vice President of Acquisitions. “This property strengthens our portfolio and reinforces our commitment to investing in healthcare real estate that supports physicians and the communities they serve. We are excited about the long-term potential this asset represents, and look forward to fostering its continued success.”
The property was acquired through Flagship’s private real estate investment trust, Flagship Healthcare Trust (Flagship REIT). Flagship will also provide property management and asset management services for the property.
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the 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 approximately 8.4 million square feet of healthcare real estate in more than 385 properties serving more than 770 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets throughout the United States. Flagship REIT holds interest in 109 properties comprising 2.9 million square feet of space and valued at more than $1.1 billion. For further information, visit www.FlagshipHP.com/REIT.
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