 |
| Mindy Berman |
BOSTON, MA – JLL Capital
Markets has closed the $31.4 million sale of a three-property, core medical
office portfolio totaling 72,499 square feet in Charlotte, North Carolina.
JLL marketed the portfolio on behalf of
the seller, The Keith Corporation (TKC), a privately held, full service
commercial real estate firm headquartered in Charlotte, North Carolina.
 |
| Pete Pittroff |
TKC
is a preeminent healthcare developer in the Southeast, developing more than 35
healthcare related projects.
The
purchaser is Chicago, IL-based Remedy Medical Properties (“Remedy”), the
largest private owner of medical properties in the United States.
The portfolio consists of Mission Hospital
McDowell Medical Office Building at 430 Rankin Dr. in Marion; Steele Creek
Medical Office Building at 13425 Hoover Creek Blvd. in Charlotte and Tryon
Medical Partners – Matthews at 630 Matthews Township Pkwy in Matthews.
The
two single-tenant and one multi-tenant facility are 97% leased overall to
leading regional and national healthcare providers, including health systems,
Novant Health and Mission Health (HCA), and major area physician practice
groups, Tryon Medical Partners and Charlotte Radiology.
 |
| Brannan Knott |
Two
of the three properties were recently constructed or renovated by The Keith
Corporation and offer state-of-the-art medical facilities such as surgery
centers and advanced diagnostics; the Steele Creek property was jointly
developed by The Keith Corporation and Sportsmed Properties.
The portfolio is located throughout high
growth submarkets of Charlotte, which have seen upwards of 20% population
growth since 2010, which is driving outsized demand for healthcare services
through the region.
More than $1 billion in new hospital facility construction in Charlotte
illustrates this demand for services and is paralleled with expansion in
outpatient care in key locations throughout the region.
 |
| Daniel Flynn |
The JLL Capital Markets team representing
the seller was led by Senior Managing Director and Co-head of the Healthcare
Practice Group Mindy Berman, Senior Managing Director Pete Pittroff,
Senior Director Brannan Knott and Director Daniel Flynn.
“The Keith Corporation offering was
highly-sought after by investors given the swell in investment appetite for
medical properties during the global pandemic,” said Berman.
“The
Charlotte properties exemplified the most appealing qualities that
institutional investors seek – solid tenancy from dominant healthcare
providers, location in a desirable high-growth U.S. metro and new construction
with nearly 13 years of average remaining lease term.”
 |
| Mission Hospital McDowell Medical Office Building |
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
The
firm’s in-depth local market and global investor knowledge delivers the
best-in-class solutions for clients — whether investment sales and advisory,
debt advisory, equity advisory or a recapitalization.
The
firm has more than 3,000 Capital Markets specialists worldwide with offices in
nearly 50 countries.
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CONTACT:
Kristen
Murphy
JLL
Senior Manager
Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
