Charlotte’s SouthPark neighborhood just saw one of its marquee medical buildings change hands for serious money, as Anchor Health Properties picked up the Novant Health-anchored Azalea Building at 6324 Fairview Road in a roughly $59.5 million deal.
The five-story medical outpatient building clocks in at about 152,000 square feet and first opened its doors in 1990. With this sale, announced earlier this month, an institutional owner is stepping into a submarket that has quietly turned into a magnet for healthcare real estate investment.
The buyer, seller and price details were first reported by the Charlotte Business Journal, which identified The Harris Land Co. as the seller and pegged the purchase price at $59.5 million. The outlet, in an April 17, 2026 story, described the deal as an off-market acquisition for Anchor Health.
Inside the Azalea Building
A company release from Anchor Health Properties puts the Azalea Building’s footprint at 151,993 square feet and confirms it was developed in 1990. The building’s calling card is its major tenant: Novant Health occupies nearly 75% of the space, or roughly 110,000 square feet.
On-site services read like a one-stop shop for routine care, with imaging, family medicine, women's health, pediatrics and other outpatient specialties all operating under the same roof. Elliott Sellers, a senior vice president at Anchor, described the Azalea property as “one of the premier medical outpatient buildings in Charlotte.”
Why Medical Offices Keep Drawing Money
Investors have been gravitating to medical office buildings as more care shifts off hospital campuses and into outpatient settings, a trend that has helped keep medical office fundamentals relatively steady even when other property types wobble.
Industry analysis highlighted by Healthcare Dive points to consistent capital flows into the sector and rising demand for outpatient space. That backdrop helps explain the strong appetite for a Novant-anchored asset planted in the middle of SouthPark.
How the Deal Came Together, and What’s Next
According to Anchor Health Properties, Caldwell Rose and Mike Wiles of NAI Southern Real Estate represented the buyer in the transaction, while Regions Bank provided debt financing.
Anchor says it will handle both asset and property management for the joint venture that now owns the building. The Azalea site sits directly across from SouthPark Mall and roughly four miles from Novant Health Presbyterian Medical Center, giving the facility a prime perch between one of Charlotte’s major shopping districts and a key hospital campus.
For those wanting to dig into the specs, additional property details for the Azalea Building are available on LoopNet.
