{"id":1945,"date":"2021-09-09T20:35:45","date_gmt":"2021-09-10T00:35:45","guid":{"rendered":"https:\/\/www.lee-associates.com\/raleigh\/?p=1945"},"modified":"2021-09-09T20:35:45","modified_gmt":"2021-09-10T00:35:45","slug":"unc-medical-facility-in-chatham-park-sold-for-over-11-million-to-tennessee-firm","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/raleigh\/2021\/09\/09\/unc-medical-facility-in-chatham-park-sold-for-over-11-million-to-tennessee-firm\/","title":{"rendered":"UNC medical facility in Chatham Park sold for over $11 million to Tennessee firm"},"content":{"rendered":"

\"\"<\/p>\n

By Evan Hoopfer \u2013 Staff Writer, Triangle Business Journal
\nSeptember 9, 2021<\/p>\n

The Chatham Park medical office building that’s home to UNC Health traded hands for over $10 million last week.<\/p>\n

Montecito Medical, based in Nashville, Tennessee, bought the property at 75 Freedom Parkway in Pittsboro for $11.37 million, according to a deed dated Sept. 2. The seller is listed as Privato, an LLC which lists Preston Development founders Tim Smith and Julian “Bubba” Rawl among its company officials.<\/p>\n

Preston Development is the Cary-based company behind the massive Chatham Park development that could one day be home to 22,000 residences and 22 million square feet of commercial and office space.<\/p>\n

Moss Withers, SIOR, MBA and Russell Stewart, J.D. of Lee & Associates Raleigh-Durham represented the sellers.<\/p>\n

READ MORE ><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Evan Hoopfer \u2013 Staff Writer, Triangle Business Journal September 9, 2021 The Chatham Park medical office building that’s home to UNC Health traded hands for over $10 million last week. Montecito Medical, based in Nashville, Tennessee, bought the property at 75 Freedom Parkway in Pittsboro for $11.37 million, according to a deed dated Sept. 2. The seller is listed as Privato, an LLC which lists Preston Development founders Tim Smith and Julian “Bubba” Rawl…<\/p>\n","protected":false},"author":85,"featured_media":1944,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nUNC medical facility in Chatham Park sold for over $11 million to Tennessee firm - Lee & Associates | Raleigh Durham<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/raleigh\/2021\/09\/09\/unc-medical-facility-in-chatham-park-sold-for-over-11-million-to-tennessee-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNC medical facility in Chatham Park sold for over $11 million to Tennessee firm\" \/>\n<meta property=\"og:description\" content=\"By Evan Hoopfer \u2013 Staff Writer, Triangle Business Journal September 9, 2021 The Chatham Park medical office building that’s home to UNC Health traded hands for over $10 million last week. Montecito Medical, based in Nashville, Tennessee, bought the property at 75 Freedom Parkway in Pittsboro for $11.37 million, according to a deed dated Sept. 2. 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