Flagship Obtains Columbia MOB

By Eric Althoff

COLUMBIA, S.C.—Healthcare real estate player Flagship Healthcare Properties, based in Charlotte, N.C., is expanding its holdings in its southern neighbor with the acquisition of a Class A medical office building and ambulatory surgery center in Columbia, South Carolina’s capital.

The 31,697-square-foot MOB, which was first constructed in 2007, is already pre-leased to healthcare providers such as Columbia Nephrology, a kidney specialty practice that has served the region since coming online in 1980.  Additional tenants will include Fresenius Medical Care and Fresenius Vascular Care, which offer dialysis services for patients experiencing renal failure as well as outpatient vascular access.

The MOB sits on the campus of the Park Central Medical Office Park and is also near to the Prisma Health Richland Hospital campus, which is the most advanced healthcare facility in South Carolina’s Midlands region.

Gerald Quattlebaum, executive vice president of acquisitions with Flagship, said that the purchase of the Class A medical facility is the second such purchase for the company in the Columbia area in the past 12 months.

“The property’s location in a medical park with close proximity to Prisma Health Richland Hospital makes this a highly desirable healthcare destination,” Quattlebaum said.  “Anchored by one of the state’s largest nephrology practices, along with one of the nation’s largest providers of dialysis services, this property serves patients both near and far in need of this specialized level of care.”

Flagship, as the new owner, will provide both property management and asset management services for the Class A medical facility.

Flagship bought the MOB in Columbia via its investment subdivision, which is called Flagship Healthcare Trust.