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Duke Enters Charlotte with Medical Office Acquisition

CHARLOTTE, NC-Jeff Sheehan of Duke tells GlobeSt.com's Jennifer LeClaire that Duke was attracted to the deal in part to work with the third-largest public health multi-hospital system in the nation.

By Jennifer LeClaire | Updated on February 06, 2011

CHARLOTTE, NC-Duke Realty Corp. has acquired Morehead Medical Plaza I, a 190,773-square-foot medical office building on the Carolinas Medical Center campus. The deal marks Duke Realty’s first move into Charlotte, and expands its medical office portfolio in North Carolina. Terms of the deal were not disclosed.

Morehead Medical Plaza 1 is 100% leased to a high-quality health system and located on the grounds of Carolinas Medical Center, the flagship hospital of the Carolinas Healthcare System. Duke Realty’s already owns and manages 5.4 million square feet of commercial real estate. Most of those properties are located in the Research Triangle area.

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