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Flagship Healthcare Properties has acquired the fully leased, Class A medical office building located at 1727 Kirby Parkway in Memphis, TN.

Flagship Healthcare Properties’ REIT Secures Medical Office Building in Memphis

Charlotte, NC-based Flagship Healthcare Properties, an outpatient healthcare real estate firm, has purchased the fully leased, Class A medical office building located at 1727 Kirby Parkway in Memphis, TN for.

Flagship Healthcare Properties acquired the MOB through its private real estate investment trust, Flagship Healthcare Trust, and will provide property management and asset management services. Paul Zeman with Bull Realty represented the seller.

The 26,913-square-foot property was originally built in 1984 and fully renovated in 2017. The MOB is 100% leased to Adams Patterson Gynecology & Obstetrics and The Prevention Group. The property is a part of the region’s medical corridor and is proximate to the 700-bed Baptist Memorial Hospital and 479-bed Saint Francis Hospital.

“It’s location adjacent to the highly desirable area of Germantown was a huge factor in our decision to pursue this property,” said Flagship Healthcare Properties’ EVP of acquisitions Gerald Quattlebaum.

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Flagship Healthcare Properties' Quattlebaum

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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