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Cameron Management: Successful closing between Panacea Realty and Carolina Healthcare Associates
WILMINGTON, NC – July 18, 2012 – Hill Rogers, Broker In charge with Cameron Management, Inc., is pleased to announce the successful closing of a lease between his client, Panacea Realty, and Carolina Healthcare Associates (CHA).
Hill Rogers, Broker in Charge
Cameron Management, Inc.
CAMERON MANAGEMENT ANNOUNCES SUCCESSFUL CLOSING BETWEEN
PANACEA REALTY AND CAROLINA HEALTHCARE ASSOCIATES
WILMINGTON, NC – July 18, 2012 – Hill Rogers, Broker In charge with Cameron Management, Inc., is pleased to announce the successful closing of a lease between his client, Panacea Realty, and Carolina Healthcare Associates (CHA). Panacea is the real estate holding company of the individual physicians formerly of Hanover Medical Specialists (HMS). HMS merged their operations into Carolina Healthcare Associates effective June 30, 2012. CHA is a subsidiary of New Hanover Regional Medical Center and operates as the NHRMC Physician Group.
“This lease was a part of a multi-level transaction that included the physicians of HMS transitioning their business into the NHRMC Physician Group.” states Rogers. “As part of their exit strategy from HMS, it was important for the principals of Panacea to secure a long-term lease with CHA, and with the help of several dedicated professionals, Cameron Management was able to deliver a solution that stabilized the real estate needs for Panacea.” “Most importantly, the transition to patients throughout the process was seamless with no sacrifice to their level of healthcare.”
The lease consisted of six high quality medical office properties totaling over 46,000 square feet. Five of the buildings are located in Wilmington, while one building is located in Leland.
About Cameron Management, Inc.
Cameron Management, Inc. is a full service commercial real estate firm providing customized real estate brokerage and property management services to Tenants, Landlords, Owners and Developers. More information can be found on their website at http://www.cameronco.com.