Flagship Healthcare Properties, a Charlotte-based outpatient healthcare real estate firm, has acquired a Class-A, fully leased medical office building and ambulatory surgery center in Jackson, Tennessee.
The 14,445-square-foot building is located at 9 Physicians Drive and is anchored by TransSouth Healthcare, PC in partnership with One GI, a leading physician-centric gastroenterology management services organization that partners with gastroenterologists to help them manage, optimize, and grow their independent gastroenterology practices.
The property is immediately adjacent to 150-bed West Tennessee Healthcare North Hospital and within five miles of the 642-bed, Jackson-Madison County General Hospital.
With a growing population of 300,000, Jackson is located between Memphis and Nashville on Interstate 40 and boasts strong healthcare, manufacturing, and technology sectors. Several colleges and universities provide a talented workforce to the region.
The property was acquired through Flagship’s private real estate investment trust, Flagship Healthcare Trust. Flagship will also provide property management and asset management services for the MOB. Financing was provided by Pinnacle Bank, led by Andrew Thorndyke.
