American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT III, are to acquire Carolina Commons Medical Office Building.
The building is an approximately 58,000-square-foot, multi-tenant medical office building in the Charlotte, North Carolina suburb of Fort Mill, South Carolina.
The acquisition is subject to customary closing conditions and the satisfaction of other requirements as detailed in the agreement.
Located at 6237 Carolina Commons Drive, the medical office building is 87 per cent leased to multiple tenants, including Novant Health, Metrolina Eye, and Carolina Orthopaedic Surgery Associates.
Novant Health, the anchor tenant of Carolina Commons Medical Office Building, is a not-for-profit integrated healthcare system with 15 medical centres and more than 340 physicians clinics, outpatient surgery, imaging and diagnostic centres, rehabilitation programmes and community health outreach programmes throughout the Carolinas, Georgia and Virginia.
"Carolina Commons Medical Office Building is another newly built, modern facility with desirable tenancy in a growing and affluent metro region that will join the portfolio of Griffin-American Healthcare REIT III," says Dan Prosky, a principal of American Healthcare Investors and president and chief operating officer of Griffin-American Healthcare REIT III.