Keen-Summit Capital Partners Retained by Bankruptcy Trustee to Auction Medical Office Building Portfolio in Charlotte, NC

– 3 Income Producing Properties and Parking Lot to be Auctioned March 17, 2015 –

NEW YORK--()--Keen-Summit Capital Partners LLC has been retained to market a portfolio of 3 Medical Office Buildings in Charlotte, NC pursuant to a bankruptcy auction to be held on March 17, 2015. The buildings are located 1928 Randolph Road, 1946 Randolph Road (parking lot), 1960 Randolph Road and 2115 East 7th Street in Charlotte, in the heart of the Novant Health / Presbyterian Medical Center area.

The properties are being sold as part of the Langtree Ventures MOB, LLC bankruptcy proceeding, with Keen-Summit working with the court appointed Trustee, Edward P. Bowers of the Gastonia, NC based firm of Middleswarth, Bowers & Co. The court approved Bid Qualification Deadline is March 6, 2015, and the auction is scheduled for March 17, 2015. The Minimum Bid for the portfolio is $9,000,000. Bid procedures and additional information are available and offers can be accepted by the Trustee prior to the Bid Qualification Deadline.

“This is an extraordinary opportunity to acquire 3 income producing properties in the thriving Novant Health medical center area”, said Keen-Summit Principal and Managing Director Matthew Bordwin. “The Randolph Road buildings are located adjacent to Novant’s Midtown Medical Center Urgent Care building and the East 7th Street building is located less than a mile away. The two smaller buildings are both 100% occupied and the larger building has tremendous upside.”

The three buildings total 55,264± sf, with the 1928 Randolph Road property being 33,658± sf on .98 acres, the 1960 Randolph Road building being 12,606± sf on .92 acres and the 2115 East 7th Street property being 9,000± sf on .58 acres. Situated between the 1928 and 1960 Randolph Road buildings is a .65 acre parking lot.

Keen-Summit Capital Partners LLC was retained by Order of the United States Bankruptcy Court, Western District of North Carolina, Statesville Division on February 2, 2015. For more information about the building and/or the sale process, contact Matthew Bordwin at mbordwin@keen-summit.com, Craig Fox at cafox@keen-summit.com or Doug Greenspan at dgreenspan@keen-summit.co or call 646-381-9222. Additional information can also be found at www.keen-summit.com.

About Keen-Summit Capital Partners, LLC

Keen-Summit Capital Partners LLC, located in New York, provides real estate analysis, valuation and strategic planning services, brokerage, M&A, auction services, lease restructuring services and real estate capital market services. For more information about Keen-Summit Capital Partners, call 646-381-9222 or visit http://www.Keen-Summit.com.

Bid Qualification Deadline: March 6, 2015
Auction: March 17, 2015

Contacts

Keen-Summit Capital Partners, LLC
Doug Greenspan, 646-381-9222
dgreenspan@keen-summit.co
www.keen-summit.com.

Release Summary

Keen-Summit Capital Partners to auction 3 income producing medical office buildings and a parking lot in Charlotte, NC as part of a bankruptcy. Bid qualifying deadline is March 17th, 2015.

Contacts

Keen-Summit Capital Partners, LLC
Doug Greenspan, 646-381-9222
dgreenspan@keen-summit.co
www.keen-summit.com.