Matthews™ Facilitates $36,750,000 Sale of Medical Office Portfolio in North Carolina

Healthcare Sale in North Carolina

 

Charlotte, NC — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the $36,750,000 sale of 3158 Freedom Drive and 3033 Eastway Drive, Charlotte, NC, two recently developed healthcare properties totaling approximately 86,400 square feet. Matthews™ Senior Vice Presidents and Senior Directors Rahul Chhajed and Michael Moreno facilitated the transaction. Located in a growing market, the portfolio is anchored by Metrolina Nephrology, Fresenius, and Azura (Fresenius’ surgery center company).  The process involved Metrolina Nephrology as the seller, with a few selling physicians reinvesting their proceeds with the buyer, Hammes Partners.

 

This notable off-market transaction was distinguished by its core-plus pricing despite a challenging interest rate environment.

 

“Our extensive relationships within the healthcare real estate sector were instrumental in connecting the seller with a buyer capable of navigating the complexities of this deal,” Chhajed said. “The credibility of Hammes Partners provided the necessary assurance that this transaction could proceed smoothly, even amidst the obstacles that were faced during this transaction.”

 

The transaction faced significant challenges, including structural issues with one of the buildings and navigating tenant improvement work on some properties. However, these obstacles were successfully overcome, allowing the buyer to secure the assets.

 

“We worked diligently to ensure that all challenges were addressed, allowing both the buyer and seller to achieve their goals,” Moreno said.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.