Ophthalmology Properties Acquired in North Carolina

News Summary

Elizabeth City, North Carolina sees a major transaction in medical real estate with the acquisition of four ophthalmology properties worth $19.5 million. Led by Block Real Estate Services in partnership with Albemarle Eye Center, this deal spans over 62,000 square feet across multiple locations. The acquisition took shape during the COVID-19 pandemic and emphasizes the importance of strategic partnerships in enhancing eye care services. This marks a significant addition to BRES’s growing portfolio, highlighting their commitment to improving medical landscapes in the region.

Exciting Development Alert: Ophthalmology Deals Shine Bright in North Carolina!

Welcome to Elizabeth City, a bustling hub on the eastern coast of North Carolina, where the *real estate* scene is heating up with the latest acquisition involving four prime *ophthalmology properties*! This noteworthy transaction, valued at $19.5 million, marks an important chapter for the *medical real estate* sector in the region.

Who’s Behind the Deal?

The friendly faces at Block Real Estate Services, LLC (BRES) are leading this exciting development. They’ve successfully partnered with the well-respected Albemarle Eye Center/Precision Eye Care (AEC/PEC), an esteemed name in the field of eye care across the state. Spearheading this initiative is the acclaimed Dr. Jitendra Swarup, a nationally renowned eye surgeon, who sought a strategic partner for the long-term future of his practice’s real estate. BRES’s robust track record made them the ideal fit.

Details That Matter

So, what exactly does this deal encompass? In total, it covers an impressive 62,388 square feet distributed over four properties located in Elizabeth City, Washington, Kitty Hawk, and Edenton. This makes it a significant addition to BRES’s portfolio and a step forward in their commitment to enhancing the medical landscape in North Carolina.

Ensuring a Seamless Acquisition

Interestingly, the acquisition process kicked off during the tumultuous times of the COVID-19 pandemic. Despite the disruptions, BRES remained steadfast and committed, ensuring that this vital deal came to fruition when many others found themselves at a standstill.

A Leader in Eye Care

AEC/PEC is not any ordinary eye care facility; they offer a comprehensive range of services from laser eye surgery to cataract treatment, glaucoma management, oculoplastics, and routine vision care. Furthermore, they are actively involved in *clinical research* through Albemarle Clinical Trials (ACT), taking part in various FDA-monitored national multi-center clinical trials. This commitment to innovation highlights their dedication toward advancing eye care technology.

The Importance of Partnership

Dr. Swarup emphasized the necessity of finding a long-term partner to support his practice’s operational needs and real estate strategies. His positive experience working with BRES reflects a shared vision for patient care and business growth while allowing him to retain focus on delivering exceptional services to his patients.

BRES’s Growing Portfolio

As of now, this acquisition stands as BRES’s fourth major deal in 2020 alone! With a grand total of over $400 million invested in medical office acquisitions, their footprint has expanded to nearly 1.3 million square feet. BRES has carved out a reputation as a dynamic and full-service commercial real estate company that also manages more than 43 million square feet of various property types.

Comprehensive Services on Offer

BRES offers a diverse array of services, which include real estate brokerage, tenant representation, investment services, asset management, and economic incentives consultation. Their deep understanding of the marketplace and focus on client needs position them as leaders in the commercial real estate field.

In Conclusion

With the *ophthalmology properties acquisition* making waves in North Carolina, it’s clear that strategic partnerships and dedicated professionals like Dr. Swarup stand at the forefront of driving quality eye care forward. As BRES continues to solidify its presence in the medical real estate arena, you can bet there will be more exciting developments on the horizon for North Carolinians!