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Atlanta & Southeast  + Southeast  + Office  |  December 16, 2019
David Cohen
By: David Cohen

JLL Arranges Sale of 10-Property North Carolina Medical Office Portfolio

JLL has brokered the sale of a fully-leased medical office building portfolio consisting of 10 outpatient orthopedic medical office buildings in North Carolina. The sales price was not disclosed.

Totaling 218,213 square feet, the properties are located in Charlotte and Winston-Salem. The portfolio is a compilation of 10 on-and-off-campus outpatient orthopedic medical office buildings and surgery centers, 100% leased to OrthoCarolina, the third largest orthopedic provider in the nation by physician count, with a weighted remaining lease term of 13 years.

Ben Appel, Evan Kovac, Andrew Milne, Zachary Drozda and Ted Flagg of JLL represented the undisclosed seller in the transaction. MBRE Healthcare and Kayne Anderson purchased the portfolio.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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