Lab Corp. - Fayetteville, NC
Goal
Negotiate a “build to suit” agreement and long term lease with LabCorp to design and construct an 8,000 sf facility to provide for administrative office and laboratory space.
Morris Commercial Approach
- Conduct a land search and secure a suitable office lot in the medical office park adjacent to the Cape Fear Valley Medical Center.
- Engage architect and land planner/engineer to assist in submitting and gaining municipal development approvals.
- Finalize lease negotiations, purchase the office lot and proceed with the project development.
The Result
A laboratory/office facility delivered to this public corporation on time and on budget. Morris Commercial continues to own and manage the property as a successful real-estate investment.
