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Charlotte-based Firm Buys Wilmington Health Net Lease In Mayfaire II

By J. Elias O'Neal, posted Aug 12, 2013

UPDATE: Story corrects name of Charlotte-based MedSouth Healthcare Properties LLC.

A Charlotte-based investment firm now owns a large footprint within the Offices at Mayfaire II development, according to a Monday news release.

MedSouth Healthcare Properties LLC, a private real estate investment firm focused on
acquiring income-producing health care properties in the southeastern U.S., closed on unit 2A – a 9,500-square-foot condominium office space that is currently occupied by Wilmington Health, according to the release.  

Steve Anderson, a Wilmington-based developer overseeing and planning the Offices at Mayfaire development, confirmed the transaction Monday afternoon.

He said officials closed on the space Aug. 9 for an undisclosed amount.

Anderson said the transaction involved transferring the net lease, which he owned, to MedSouth officials.

The recent sale will not affect the tenancy of Wilmington Health, Anderson said.

“We are very pleased to have established a working relationship with Steve Anderson and Wilmington Health on this deal,” said Bill Transou, principal and co-founder of MedSouth, in a news release. “With the quality of product that Steve delivers, along with the quality of the tenant involved, this deal was hard to pass up.”

Benjamin E. Bivens, principal and co-founder of MedSouth, agreed, adding that the transaction will help the firm establish a footprint in the greater Wilmington area.

“This is a great entry point for us in this market area and we look forward to building upon and establishing further relationships there,” Bivens said in a news release. “We are very pleased with what Wilmington Health is doing in their respective market. They have thoroughly impressed us with how they are running their clinical practice.”

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