GREENSBORO, NC –Brackett Flagship Properties and Brown Investment Properties are pleased to announce the sale of their Wesley Long Professional medical office building to Healthcare Realty Trust.
Purchased from Moses Cone Health System in 2009, the Wesley Long Professional Office Building is a 33,000 square foot medical office building located across from Wesley Long Community Hospital. Throughout its five year ownership of the property, Brown and Brackett Flagship increased occupancy levels from 80% to 100%. While the building benefited from an excellent location and was structurally sound at the time of purchase, it required aesthetic improvements which Brackett Flagship & Brown oversaw. Those improvements included renovating the building’s common areas, redesigning the landscaping, improving building access and security, and funding up-fits to accommodate the building’s growing medical tenants.
“We are pleased to transition ownership of the Wesley Long building to Healthcare Realty Trust, who shares a similar commitment to providing an exceptional experience for tenants and their patients,” stated Brannen Edge, President of Brackett Flagship Properties, “Brackett Flagship and Brown are excited and appreciative of the opportunity to continue serving the needs of the building and its tenants, as Healthcare Realty has retained both firms to continue managing and leasing the property.”
Brackett Flagship Properties, LLC was formed in 2010 through the consolidation of Diane Brackett Company and Flagship Capital Partners, LLC and their collective 40-year history. BFP provides full-service property management and leasing for more than 60 properties totaling more than 1.6 million square feet. The combined organization consists of 27 professionals with expertise in acquisitions, development, sales andleasing, asset and property management, finance and accounting.
Brown Investment Properties, Inc. is a full service commercial real estate company specializing in property management, development, and brokerage, with its primary market in the Piedmont Triad.
Healthcare Realty Trust is a REIT that owns, manages, and develops property associated with healthcare services throughout the United States with a portfolio that focuses on medical office and outpatient facilities.