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| Zack Drozda |
CHARLOTTE, NC – HFF
announces that it has closed the $10.18 million sale of the 35,157-square-foot Davidson
Medical Office Building in the Charlotte-area community of Davidson, North
Carolina.
HFF marketed the
property on behalf of the seller, Canvass
Capital, a real estate private equity firm, and
procured the buyer.
The Davidson
Medical Office Building is positioned on 1.8 acres at 705 Griffith Street close
to downtown Davidson, which is approximately 20 miles north of Uptown
Charlotte.
 |
| Evan Kovac |
The property offers
convenient access to Interstate 77 and is within walking distance of numerous
retail amenities at Davidson Commons Shopping Center as well as nearby
multifamily and senior living communities.
Completed in 2001, Davidson Medical Office Building is 95%
leased to medical tenants, including Atrium Health.
The HFF
investment advisory team representing the seller comprises members of HFF’s
national medical office capital markets team, including director Zack Drozda,
along with managing directors Evan Kovac and Ben Appel and
director Andrew Milne.
“Canvass
Capital did a great job stabilizing the asset, creating an excellent location
for medical office tenants in the Lake Norman area,” stated Drozda.
Holliday GP
Corp. ("HFF") is a North Carolina licensed real estate broker.
 |
| Ben Appel |
About
Canvass Capital LLC
Canvass Capital LLC
(“Canvass”) is a real estate private equity firm focused on generating
attractive risk-adjusted returns for its investors in individual assets and
platform investments across cycles and over the long term.
Canvass seeks to invest in real estate-enabled
operating businesses where value can be created through active asset management
and by maximizing efficiencies in the operating business component.
Canvass’ portfolio includes medical office,
self-storage, mixed-use and industrial amongst other alternative real-estate
investment types. In addition, Canvass provides preferred equity on third-party
projects.
 |
| Andrew Milne |
About
HFF
HFF and its affiliates
operate out of 26 offices and are a leading provider of commercial real estate
and capital markets services to the global commercial real estate
industry.
HFF, together with its affiliates, offers
clients a fully integrated capital markets platform, including debt placement,
investment advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities
L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).
CONTACTS:
ZACK DROZDA
NC Lic. #248777
HFF Director
(704) 526-2800
(704) 526-2800
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