September 24, 2018

OrthoCarolina has big plans for this $12.4M Pineville shopping center

OrthoCarolina, a Charlotte-based orthopedic practice, will have some new digs in Pineville come 2019.

The practice is moving its location on Park Road to a new, 20,000-square-foot space in the former Terraces at Park Place shopping center, previously anchored by Bi-Lo, at the corner of Pineville-Matthews Road and Interstate 485.

Collett Capital acquired all 81,440 square feet of the shopping center for $12.35 million as of Aug. 8. Collett, along with partners Lions Gate Capital and OrthoCarolina, plans to transform the location into Terraces Medical Plaza. Starbucks and Sabor Latin Street Grill will also occupy space there.

“The new OrthoCarolina Pineville location will be both accessible and modern, and provide superior access for our patients near where they live," says Dr. Bruce Cohen, chief executive of OrthoCarolina.

OrthoCarolina also opened a 16,000-square-foot, revamped office space in SouthPark in November of last year. That office includes a new, more modern design and 30 patient rooms. Employees there are also utilizing a technological system to get patients in and out faster.

Cathie McDonald, chief operating officer, told the Charlotte Business Journal the SouthPark office is part of a pilot to improve efficiency and access to care. Plans for the Terraces Medical Plaza project appear to fall under this model as well.

Flagship Healthcare Properties is leasing out the Pineville property. Spaces ranging from 5,000 square feet up to 25,000 square feet are available.

Flagship hopes to turn over the new space to OrthoCarolina in March, but the medical practice will continue to see patients at the office on Park Road until it moves into the new space next June.

OrthoCarolina employs about 1,700 people here. Its 32 orthopedic offices span from Boone to Kernersville, with nearly half of those concentrated in the Charlotte region. Other services include physical therapy, MRI and urgent care.

 

By: Caroline Hudson, Staff Writer
       Charlotte Business Journal