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Specialty Medical Park Off to Fast Start

JOHNSON CITY, TN-Med Tech Properties Inc. has fully-leased and sold out the 6.7-acre, first-phase development of its 130-acre, $20 million Med Tech Regional Business Park, about 150 miles north of Downtown Charlotte. A total 83.5 acres are being sold at $80,000 per acre ($1.84 per sf) to $250,000 per acre ($5.74 per sf).

By Robert Anthony | Updated on January 11, 2001

JOHNSON CITY, TN-It took Med Tech Properties Inc. only 18 months to build, lease and sell out the first 6.7-acre phase of its planned 130-acre, $20 million Med Tech Regional Business Park, about 150 miles north of Downtown Charlotte. A total 83.5 developable acres are available at $80,000 per acre ($1.84 per sf) to $250,000 per acre ($5.74 per sf).

Dallas-based Alliance Data Systems has leased 4.7 acres. Mountain Empire Surgery Center has purchased two acres. Mountain Empire Surgery Center is a new venture of Orthopaedic Associates of Johnson City and Watauga Orthopaedics in parnership with Nashville-based OrthoLink and Mountain States Health Alliance. The surgery center claims to be the only free-standing, specialty orthopedics center in the Tri-Cities region.

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