Saturday, March 1, 2014

HFF arranges $11.5 million financing for medical office building in Mint Hill, NC


Carolinas Health Care Systems, 10545 Blair Road, Mint Hill, NC

Stephen Skok
CHICAGO, IL - HFF announced it has arranged $11.5 million in financing for a 57,580-square-foot medical office building in Mint Hill, North Carolina.

HFF worked on behalf of Harrison Street Real Estate Capital, LLC to secure the four-year, non-recourse, floating-rate loan through a national bank.

The property is 100 percent master leased to Carolinas HealthCare System (“CHS”) and was built in 2006 to establish a CHS satellite location in the Mint Hill submarket. 

CHS is the largest healthcare system in Charlotte and operates more than 14 hospitals in the metropolitan area. The building is located at 10545 Blair Road just off Interstate 485, approximately 14 miles east of downtown Charlotte.

The HFF team representing the borrower was led by managing directors Stephen Skok and Timothy Joyce.

Timothy Joyce
Harrison Street Real Estate Capital was founded in 2005 and has approximately $5.8 billion in assets under management. The firm currently owns approximately $5 billion in real estate assets including more than 30,000 student housing beds, more than 6,800 senior housing/assisted living units, more than 3.6 million square feet of medical office space, and more than 36,000 self-storage units.
  
For a  complete copy of the company’s news release, please contact:
  
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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