Business
Turnkey Capital Inc. Signs Letter of Intent to Acquire Collarmele Holdings, Inc.
Turnkey Capital Inc. Signs Letter of Intent to Acquire Collarmele Holdings, Inc..
About this update from Turnkey Capital, Inc.
[{"type":"text","content":"\nFort Lauderdale, FL, March 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Turnkey Capital Inc. (TKCI) today announced the Company has signed a Letter of Intent to acquire Collarmele Holdings, Inc., fka HealthSpan Medical Systems, Inc. Collarmele Holdings was recently acquired by HealthSpan Medical Systems, Inc. and the name of the company was changed to Collarmele Holdings, Inc. (CHI) (the Company). CHI is a real estate holding company that acquires, develops, redevelops and manages investments in mixed-use retail and healthcare properties throughout the United States.\n “In addition to our large scale Mixed Use redevelopment and Triple Net Lease pipeline, we believe there is real opportunity for the repurposing of underutilized retail and office space for medical, health and wellness services. The partnership of TBG and executives at Medixall will reimage the industry through a real estate lens creating a product that will be a highly attractive option for re-tenanting traditional shopping centers and mixed use space,” stated Joseph Tagliola, CEO of Collarmele Holdings, Inc. “Developers are not keeping pace with the growing number of large commercial spaces being vacated by retailers and e-commerce distractors as a result of economic market shifts.” “Because so many of our medical practitioner clients were experiencing challenges trying to manage their practices, we were looking for a partner who understood how to configure modern healthcare offices and facilities,” stated Neil Swartz, CEO of TKCI. “In Collarmele Partners, we found Healthcare development industry leaders who also brought retail, office and mixed-use expertise, and so much more. Commercial real estate owners are incorporating healthcare and wellness-related facilities to revitalize their properties. We are focusing on shared workspace models similar to those developed by innovators like WeWork,” Swartz added. The Collarmele Holdings partners’ confidence and momentum for this enterprise is solidly anchored by the track record of Collarmele Partners, LLC. Mr. Tagliola, and his development team, have been successfully reshaping development models for large scale commercial developments over the last several decades and have an understanding of what works in the marketplace.  As former President of QIC U...