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Flagship Healthcare Properties
Flagship Capital Partners Completes Acquisition of Eastside Medical Center in in Greenville SC Flagship Capital Partners, LLC announced that is has closed on the acquisition of Eastside Medical Center in Greenville, SC. Charlotte, NC -- Flagship Capital Partners, LLC announced that is has closed on the acquisition of Eastside Medical Center in Greenville, SC. Eastside Medical Center is a 45, 000 square foot medical office building located in Greenville's Eastside medical submarket, just blocks from Bon Secours' St. Francis Eastside Hospital and Greenville Hospital System's Patewood Campus. Brannen Edge and Bill Transou represented Flagship Capital Partners while Bucky Tarleton of Colliers-Keenan represented the seller, Hotzfam Trusts. Rob Vaughn of GrandBridge Real Estate Capital helped arrange financing through BB&T Real Estate Funding. The property was purchased under a joint venture agreement between Flagship Capital Partners, LLC of Charlotte, North Carolina and Alex. Brown Realty, Inc ( ABR ), of Baltimore, Maryland. ABR Chesapeake Fund III, a value-added real estate investment fund sponsored by ABR, provided an equity commitment of $1.6 million to the venture. Rixey Todd of Estes Park Capital facilitated the introduction of Flagship and ABR Commented John Prugh, ABR's president and CEO, Based on Flagship's experience, we are confident that their professional approach to leasing and management will help us quickly reach stabilized occupancy and develop a competitive edge within Greenville's growing medical office community." The credit and real estate markets over the past year have been nothing short of extraordinary, states Flagship's Brannen Edge. We are delighted to have successfully completed this purchase, especially given the turbulent environment. We are equally thrilled for the opportunity to partner with such a highly-regarded firm as Alex. Brown. The ownership group has hired NAI Earle Furman to provide leasing and property management services for the building. Flagship Capital Partners, LLC ( Flagship ) is a private investment real estate firm specializing in the acquisition of income-producing medical and office real estate and providing brokerage and corporate real estate services to clients. Founded in 2005, the Firm has completed more than $400 million in transaction volume and has raised over $70 million in private equity. Flagship's management team has over 175 years of collective real estate experience and expertise in all areas of investment real estate, including