Property is home to Greater Knoxville Ear, Nose & Throat
POWELL, Tenn.— 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) in Powell, Tennessee.
Delivered in 2023, the 13,921-square-foot medical outpatient building at 7680 Dannaher Drive was purpose-built for and is fully leased to Greater Knoxville Ear, Nose & Throat (GKENT), recognized as the region’s leading otolaryngology provider for children and adults. Designed with a modern clinical layout, the facility supports efficient workflows, and offers a welcoming, patient-centered environment for comprehensive ENT, audiology, allergy, and sleep medicine services.
Situated less than half a mile from Tennova Healthcare North Knoxville Medical Center, GKENT’s Powell location occupies a prime position along the Emory Road/I-75 corridor. The location offers excellent interstate access, and is surrounded by a dense network of medical offices, retail, dining, and residential development—attributes that reinforce the property’s long-term stability and strategic importance within North Knoxville’s rapidly expanding healthcare market. This growth is further fueled by major regional systems such as Covenant Health, Tennova Healthcare, and The University of Tennessee Medical Center, each continuing to broaden outpatient services across East Tennessee. GKENT’s modern facility aligns seamlessly with this momentum, delivering specialized ENT care in a convenient, patient-centered outpatient setting.
“We are thrilled to announce the acquisition of this high-quality facility, which is home to such an esteemed practice as Greater Knoxville Ear, Nose & Throat,” 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. GKENT has been serving the people of this region for more than 55 years, and we look forward to fostering their continued success for many years to come.”
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 405 properties serving more than 770 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For more 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 with a strategic focus in the Southeast and Mid-Atlantic. Flagship REIT holds interest in 110 properties comprising 3.0 million square feet of space and valued at more than $1.1 billion. For more information, visit www.FlagshipHP.com/REIT
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