Lab Corp. - Wilmington, NC
Goal
Locate a suitable land parcel in the vicinity of the New Hanover Regional Hospital. Negotiate with LabCorp to develop 7,000 sf facility for their administrative office and laboratory testing needs.
TradeMark Morris Approach
- Secure a two-acre parcel conveniently located only two blocks from the Hospital.
- Successfully negotiate a long-term lease agreement with LabCorp to design and develop their facility.
- Secure the required construction and permanent financing. Purchase the office lot and commence land development and building construction.
The Result
A laboratory/office facility delivered to this public corporation on time and on budget. TradeMark Morris continues to own and manage the property as a successful real-estate investment.
