Little Rock Diagnostic Clinic
Flagship Little Rock LLC closed Thursday on its $34.85 million purchase of the CHI St. Vincent Little Rock Diagnostic Clinic.
The 96,692-SF building at 10001 Lile Drive in Little Rock sits on 9.63 acres. It was expanded in 2010 and houses a CHI St. Vincent network of primary care and specialty clinics.
“We are honored to have been chosen by the physician partners of Little Rock Diagnostic Clinic for our first acquisition in the Little Rock market,” said Gerald Quattlebaum, senior vice president of acquisitions at Flagship Healthcare Properties LLC of Charlotte, North Carolina. “It was a pleasure working with the leadership at LRDC and the entire Flagship team looks forward to supporting their continued growth and success as their real estate partners.”
Todd Rice of Colliers International Arkansas represented the seller, LRDC Real Estate LLC. The buyer was represented by Brock Martin of Orion Capital Partners.
Established in 1961, the Little Rock Diagnostic Clinic is a multi-specialty medical practice providing diagnostic and treatment services. In September, its physicians and staff joined CHI St. Vincent Medical Group, and CHI St. Vincent executed a 10-year lease of the property at the end of that year.
Flagship Healthcare Properties is a commercial health care real estate firm with clients throughout the Mid-Atlantic and Southeast regions. It manages more than 3.9 million SF of health care real estate across more than 150 properties serving more than 460 tenants. The firm has developed or acquired more than 75 properties valued at more than $600 million. Flagship is the manager of its private real estate investment trust, Flagship Healthcare Trust Inc.
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