“Merrifield Patrick Vermillion is a great partner delivering on every aspect of the project. They also created a joint venture structure that works well for our physician partners.”
Dr. David Cook
Lakeside Family Physicians
Lakeside Family Physicians was seeking a partner to create a medical complex in Cornelius, North Carolina that would serve the community with a wide offering of medical services. The group partnered with MPV Properties predecessor, Merrifield Patrick Vermillion, in a 50/50 joint venture to develop the project totaling 45,000 square feet on 5 acres. In the course of the project, the following was accomplished:
- Identified and rezoned the site
- Obtained financing
- Developed the two building complex
- Negotiated a master lease with Novant Medical Group for 30,000 square feet
- The project was delivered on time and within budget
The buildings are currently 95% leased to various medical practices, including family medicine, imaging, orthopedics, heart and wellness, asthma and allergy, and Berkeley HeartLab.
