190,773-square foot Morehead Medical Plaza I is 100% Leased to Carolinas Medical Center
(Raleigh, N.C. – Feb. 3, 2011) Duke Realty Corporation (Duke Realty), a leading owner, manager and developer of industrial, office and healthcare properties, has acquired Morehead Medical Plaza I, a 190,773-square foot medical office building on the Carolinas Medical Center campus, giving the company its first property in Charlotte and expanding its medical office portfolio in North Carolina. The purchase of this building increases Duke Realty’s North Carolina portfolio, where it already owns and manages 5.4 million square feet of commercial real estate, primarily in the Triangle area.
“The acquisition of Morehead Medical Plaza is consistent with Duke Realty’s strategy to expand its healthcare portfolio by acquiring or developing on-campus medical office buildings supported by strong health care systems,” said Jeff Sheehan, Senior Vice President of Duke Realty’s Raleigh office. “This medical office building is 100 percent leased to a high-quality health system and is located on the grounds of Carolinas Medical Center, the flagship hospital of the Carolinas Healthcare System.”
Morehead Medical Plaza is directly connected to Carolinas Medical Center’s 874-bed inpatient care tower via an enclosed walkway. The hospital, which is one of only five North Carolina academic teaching hospitals, has Charlotte’s only Level I trauma center and Level IV neonatal intensive care unit. Carolinas Healthcare System is one the largest healthcare systems in the states of North Carolina and South Carolina and the third largest public health multi-hospital system in the nation.
About Duke Realty Corporation
Duke Realty entered the Triangle market in 1999 and has developed many noteworthy properties including Perimeter Park and CAPTRUST Tower. Today, Duke Realty owns and manages more than 3.3 million square feet of office properties, 2.1 million square feet of industrial buildings, and 20,000 square feet of retail space.
On a nationwide basis, Duke Realty Corporation owns and operates more than 139 million rentable square feet of industrial, office, and medical office space in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.
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Editor’s Note: Please contact Duke Realty’s Communications team at Duke.Communications2@dukerealty.com if a
photograph of Morehead Medical Plaza is needed.