Brackett Fl agship

P r o p e r t i e s

Healthcare Real Estate Bulletin

V O L U M E

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I S S U E

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Interface Medical Office Conference

Brackett Flagship Properties involvement as a leader in Health Care Real Estate

INSIDE
THIS
ISSUE:

Charlotte, NC

Harrisburg
Medical Park

Diane Rivers
Honored

3
Park Medical Center
Welcomes Charlotte
Eye Ear Nose & Throat
Associates
Industry Insight:
Healthcare Consultant
David White

Brackett Flagships
Recent Deals

Leasing Team

Follow us on:

Brackett Flagship Properties was

well represented as a sponsor at the
inaugural InterFace Medical Office
Information and Networking Conference in the Carolinas. The conference was a half day event that took
place at the Charlotte Convention
Center on June 15th, 2011. The event was successful in bringing together industry leaders
from medical property owners, investors, developers, investment brokers, lenders and financial institutions, and hospital and healthcare system real estate executives for the purpose of
discussing the impact of healthcare reform on this niche market of healthcare real estate.
Brackett Flagship Properties was front and center as two of our principals were panel speakers and moderators. Brannen Edge, BFPs Chief Operating Officer, was a panelist speaker
for the discussion How Market Forces and Healthcare Reformation are Impacting Leasing,
Operations and Management. And Charles Campbell, BFPs Co-Founder and President,
was a moderator for the panel The Hospital & Healthcare System Perspective on
Healthcare Reform and its Impact on Their Real Estate Usage and Strategies. Both of these
panels were beneficial for Brackett Flagship to be apart of as the discussions answered many
prevailing questions the industry is facing as we try to navigate through a changing market.

Eastover Pediatrics relocates

its practice to Cotswold
Eastover Pediatrics has recently relocated their
practice to Cotswold at 517 S. Sharon Amity Road,
well positioned between two major intersections at
Randolph Road and Providence Road. Their new
facility is 10,967 square feet and recently renovated. The practice is composed of ten board-certified
Pediatricians and two nurse practitioners offering
patient education and care to children.
Brackett Flagship Properties leases and manages
the park at 501 & 517 S. Sharon Amity.

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N EW BFP D EVELOPMENT H IGHLIGHT

Harrisburg Medical Park

A Master Planned Medical Park with 42,000 SF of Class A Medical Office Buildings
Brackett Flagship Properties is developing a Class A medical office park in the Harrisburg submarket. The development is ideally located beside the future CMC-Harrisburg Healthplex at the
intersection of I-485 and Rocky River Road. Harrisburg Medical Park will have three, two-story
medical office buildings, each 14,000 square feet. Each building has flexible floor plan options offering space to lease starting at 1,500 SF. The positioning of this new project is ideal for physicians
due to convenient surface parking for patients and the close proximity and walking accessibility to
the CMC-Healthplex.
The CMC-Healthplex is a 27,630 SF state-of-the-art outpatient services facility, with advanced and
innovative services, including a 24-hour emergency department. Essentially a mini-hospital, the
Healthplex offers quick, convenient medical access for the Harrisburg community. 1
With over 99,000 people within 5 miles of the site and over 10,000 vehicles per day, Harrisburg
Medical Park is an ideal leasing opportunity for medical practices that has not previously existed in
this market. We are offering competitive lease rates and tenant improvement allowances.
For more information, contact
kristy@brackettflagship.com for
the full marketing package.
1

This information was acquired

from www.cmc-harrisburg.com

Diane Rivers honored with the 25 Women in Business Achievement Award

Diane Brackett Rivers, Managing Partner of
Brackett Flagship Properties, was selected by The
Charlotte Business Journal as one of the 25
Women in Business Achievement Award Winners.
The award is given based upon achievements in
business and the community. Diane has nearly
thirty years of experience in real estate development, property management, and building opera-

tions. She has overseen the development of more

than thirty medical office projects, totaling 1.5 million square feet and valued at over $200 million. She
founded Brackett Company in 1985 and in 2010
Brackett Company merged with Flagship Capital
Partners which has proved to be another success in
her career. We are pleased to congratulate Diane on
all her many accomplishments!

2701 Coltsgate Road | Suite 300 | Charlotte, NC 28211

O. 704.442.0222 | F. 704.367.0196 | www.Brackettflagship.com

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Park Medical Center Welcomes

Charlotte Eye Ear Nose
& Throat Associates, P.A.
The newest addition to Park Medical
Center is Charlotte Eye Ear Nose &
Throat Associates who leased 7,500 SF
on the second floor with a beautiful interior upfit. CEENTA currently has 16
locations throughout the Charlotte area
and is the regions premier provider for
eye, ear, nose and throat care for adults
and pediatric patients for more than 80

years. Park Medical Center is a 34,000

SF medical office building adjacent to
the CMC-Pineville Hospital Emergency Center. The property currently has
8,500 SF available for lease on the 1st
floor with generous landlord improvement allowances being offered.
Brackett Flagship properties represents
the owner, Health Care REIT.

I N D U S T RY

Park Medical Center is located by CMC-Pineville Hospital at

10512 Park Road, Pineville, NC

I N S I G H T

Q & A with Healthcare Consultant, David White, MBA, CMPE

Q: We are a small MD group ready
to expand. Should we continue
leasing, look at buying or consider
developing a building?
A:
My kneejerk is leasing, especially
given the current market conditions. In addition, if you are growing into a new geographic area where volumes are predicted
but not demonstrated, a lease arrangement
with flexible terms (e.g. short term) can
hedge your bet. If you dont limit yourself to
a particular location, a broker can really help
you compare and contrast the available
space deals. If you are expanding by adding space in a proven market that you
already serve, you should consider owning or even developing your own space.
This approach increases risk as you

must plan for your future growth and / or

potentially sublease some of the new space
to prevent outgrowing again. Nonetheless,
with the higher risk comes potential for
higher reward. If long term stability is your
groups expectation, owning can prove very
beneficial.

Q: What is your opinion on the outlook for the healthcare sector?

Is it all doom and gloom?
A:
No. MDs will adapt. Insurance
companies will adapt. Institutions, academic or otherwise, will adapt. The future will
be different and there will be winners and
losers, but at the very core of healthcare
delivery are a patient and a provider. This
symbiotic relationship will never change.

Having run medical groups in the Charlotte

market for 23 years, I have seen it all. In
1988, we were worried about the future. I
imagine the same feelings existed 23 years
before that, in 1965, when Medicare was
created. I would wager that 23 years from
now, the future will be every bit as concerning. Nevertheless, there is no reason that
There will be winners and
losers, but at the very core
of healthcare delivery are a
patient and a provider.
MDs should not be successful, regardless
of the winds of change. As with any business, it is a matter of understanding your
marketplace and responding accordingly.

David W. White, MBA, CMPE is the president and founder of D White Group, LLC, a regional
consulting group providing advice and management to medical practices. He can be contacted at:
www.dwhitegroup.com | 704.617.1100 | dwhite@carolina.rr.com.

2701 Coltsgate Road | Suite 300 | Charlotte, NC 28211

O. 704.442.0222 | F. 704.367.0196 | www.Brackettflagship.com

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Contact our expert health

care real estate leasing team
for more information:

Q U A R T E R

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Recent Deals at BFP

Second Quarter Transactions:
Brackett Flagship Properties represented Surgical Specialists of
Charlotte in their recent lease for 3,393 square feet at 1450
Matthews Township Parkway the MOB on the campus of
Presbyterian Hospital Matthews. Reed Griffith with BFP represented Surgical Specialists and Caldwell Rose of NAI Southern
Real Estate represented the Landlord.
New Day Wellness Center, LLC, a family practice with an emphasis in bioidentical hormone replacement, has leased 1,733
square feet at Toringdon Medical Plaza II, located at 12105 Copper Way in the Toringdon Circle mixed-use development. Reed
Griffith with BFP represented the landlord and Lynette Glenn
with Highland Realty and Development represented the tenant.

Tiffany B. Slayden
Vice President
704-971-8906
tiffany@brackettflagship.com

B. Reed Griffith
Partner
704-971-8908
reed@brackettflagship.com

Tiffany serves as Brackett Flagship

Properties Vice President of Sales
and Leasing. Prior to joining Brackett Flagship Partners, Tiffany spent
14 years in office and medical leasing for First Colony Corp, Trammell Crow Company and Trinity
Partners as the Vice President of
Investment Sales. She specializes
in commercial office leasing and
sales and specifically medical brokerage. Tiffany graduated from
Duke University with a B.A. in
Economics and has held the CCIM
designation since 1997 as well as
received the Charlotte Regional
Commercial Board for Realtors
Million Dollar Club Award for 7
consecutive years. She is licensed
to practice real estate in North
and South Carolina.

Reed is a Partner with Brackett

Flagship Properties and focuses his
efforts in the leasing and brokerage department. His primary responsibility is the leasing and brokerage operations of Brackett
Flagship Properties medical and
office portfolio. Additionally, he
specializes in third party landlord
and tenant representation services. Prior to the 2010 merger,
Reed spent 10 years with Brackett
Company in the leasing and brokerage department. During his
tenure at Brackett, he completed
over 200 transactions totaling
nearly 100 million dollars for his
clients. Reed is a Clemson University graduate and is licensed to
practice real estate in North and
South Carolina.

The law firm of Alexander Ricks, PLLC, leased 2,285 square feet
at 2901 Coltsgate Road in SouthPark. Tiffany Slayden with BFP
represented the landlord and Kenny Smith with Legacy Real
Estate Advisors, LLC represented the tenant.
Dr. Stephen Rouse, DDS renewed his lease in the Cotswold
Medical Center located at 309 S. Sharon Amity in Charlotte. Tiffany Slayden with BFP represented the landlord in this
transaction.
Q.M. Chen, DDS, P.A. purchased a 2,400 square foot office
condo at 2504 Plantation Center Drive in Matthews for a dental
office. Reed Griffith with BFP represented the buyer and Ken
Heiliger with Heiliger Associates represented the seller.
Carolina Psychiatric Associates, P.A. leased 2,176 square feet at
2701 Coltsgate Road in SouthPark. Reed Griffith with BFP represented the tenant and Tiffany Slayden represented the landlord in lease negotiations.
Park Meridian Holdings leased 1,240 square feet at 6725 Fairview Road in the Colony on Fairview development. Reed Griffith with BFP represented the landlord in the lease transaction.

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our available properties:

2701 Coltsgate Road | Suite 300 | Charlotte, NC 28211

O. 704.442.0222 | F. 704.367.0196 | www.Brackettflagship.com