FLAGSHIP HEALTHCARE PROPERTIES EXPANDS TRIANGLE FOOTPRINT WITH HOLLY SPRINGS ACQUISITION
HOLLY SPRINGS, NC – November 13, 2017 – Flagship Healthcare Properties has acquired the Holly Springs Surgery Center building located at 600 Village Walk Drive in Holly Springs, North Carolina. The new Class A, ± 18,220 square foot ambulatory surgery center (“ASC”) and medical office building (“MOB”) was recently developed as a build-to-suit and is fully leased, and was the 17th property acquired into the Flagship Healthcare Real Estate Fund II, LLC.
The Holly Springs Surgery Center is located in Southpark Village, a recently developed mixed-use center. Tenants in the building include Holly Springs Surgery Center, Raleigh Neurosurgical Clinic, and Cary Orthopaedics.
”We are pleased to expand our presence in the Triangle and we look forward to growing our relationships with the Triangle area physicians in the building.” said Russell Brown, Senior Vice President of Investments with Flagship Healthcare Properties. “This asset’s superb location in the rapidly growing Holly Springs community, its ease of accessibility, and strong tenancy make it an exciting addition to our Fund’s portfolio.”
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (“FHP”) is a fully integrated commercial real estate firm focused on healthcare and professional office properties. FHP was formed in 2010 through the combination of two legacy firms with roots dating back to 1985.
FHP provides its clients a full range of real estate services including investment and capital solutions; development; property sales, leasing, and marketing; and facilities, property, and asset management. FHP operates an integrated platform, having developed over 1.6 million square feet and currently managing, directly or indirectly, more than 3 million square feet of primarily healthcare-related office space across more than 100 properties throughout the Southeast and Mid-Atlantic. For further information, visit www.FlagshipHP.com.