Mooresville, NC – Flagship Healthcare Real Estate Fund is pleased to announce its acquisition of Fairview Center. The two building, 95,000 square-foot, medical and professional office development is in Mooresville, North Carolina at 136 and 150 Fairview Road. This is the ninth investment for the Fund.
Charlotte-based Brackett Flagship Properties will provide asset and property management as well as leasing services for the buildings.
Fairview Center was originally developed by Mock Properties and is located just north of Charlotte in the Lake Norman community of Mooresville. Situated next to Lake Norman Regional Medical Center and the Lowe’s corporate headquarters, the area is home to numerous medical practices, NASCAR race teams, and companies that support the rapidly growing Mooresville/Lake Norman market.
Brackett Flagship Properties will also partner in the marketing and development of an additional eleven acres of land adjoining Fairview Center to be retained by Mock Properties. The property is ideally suited for medical and professional office uses.
“The opportunity to acquire two stable, Class A assets of this caliber is very exciting,” said Russell Brown, Vice President of Investments at Brackett Flagship Properties. He further stated, “We look forward to serving the tenants of Fairview Center with the same attention and dedication they have grown accustomed to from Mock Properties. In addition, we are pleased to be partnering with the Mocks to market and develop their remaining acreage. Brackett Flagship is very bullish on this sub-market and is confident in its growing economy.”
Brackett Flagship Properties, LLC (BFP) and its legacy companies, Diane Brackett Company and Flagship Capital Partners, have a collective 40-year history. BFP provides full-service property management and leasing for more than 60 properties totaling more than 1.7 million square feet. The company provides expertise in acquisitions, development, sales and leasing, asset and property management, finance, and accounting.
The Flagship Healthcare Real Estate Fund invests in high quality, income-producing healthcare real estate in the Southeastern United States.
Mock Properties is a privately owned real estate firm based in Mooresville, NC.